Common Stock, $1 par value Additional Paid In Capital Treasury Stock Retained Earnings Total Equity Year 2020 5,000 80,000 (11,000) 225,000 299,000 Year 2021 12,000 120,000 (17,000) 380,540 495,540 Given the above information, at what price were the shares issued in 2021?
Common Stock, $1 par value Additional Paid In Capital Treasury Stock Retained Earnings Total Equity Year 2020 5,000 80,000 (11,000) 225,000 299,000 Year 2021 12,000 120,000 (17,000) 380,540 495,540 Given the above information, at what price were the shares issued in 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Common Stock, $1 par value
Additional Paid In Capital
Treasury Stock
Retained Earnings
Total Equity
Year 2020
5,000
80,000
(11,000)
225,000
299,000
Year 2021
12,000
120,000
(17,000)
380,540
495,540
Given the above information, at what price were the shares issued in 2021?
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