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DUse the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par value S1,000,000 Common stock, $0.01 par value 7,500 Additional Paid in capital 15,950,000 16,957,500 Total paid in capital Retained earnings 850,000 Treasury stock Total stockholders' equity (300,000) $17,507,500 18. shares. How many shares of preferred stock have been issued? 19. shares. How many shares of common stock have been issued? per share. If the preferred shares were $ issued at an average price of $102.00 per share. At what price issued? 20. per share were the common shares If retained earnings at the beginning of the period was $825,000 and Net income was $475,000, what were the declared dividends for the year? 21. $ 22. shares. If the treasury stock was repurchased at $30.00 per share, how many shares were purchased?

DUse the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par value S1,000,000 Common stock, $0.01 par value 7,500 Additional Paid in capital 15,950,000 16,957,500 Total paid in capital Retained earnings 850,000 Treasury stock Total stockholders' equity (300,000) $17,507,500 18. shares. How many shares of preferred stock have been issued? 19. shares. How many shares of common stock have been issued? per share. If the preferred shares were $ issued at an average price of $102.00 per share. At what price issued? 20. per share were the common shares If retained earnings at the beginning of the period was $825,000 and Net income was $475,000, what were the declared dividends for the year? 21. $ 22. shares. If the treasury stock was repurchased at $30.00 per share, how many shares were purchased?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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OUse the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par value $1,000,000 Common stock, $0.01 par value 7,500 Additional Paid in capital 15,950,000 Total paid in capital 16,957,500 Retained earnings 850,000 Treasury stock (300,000) Total stockholders' equity $17,507,500 18. shares. How many shares of preferred stock have been issued? 19. shares. How many shares of common stock have been issued? $ issued at an average price of $102.00 per share. At what price issued? 20. per share. If the preferred shares were per share were the common shares If retained earnings at the beginning of the period was $825,000 and Net income was $475,000, what were the declared dividends for the year? 21. 2$ 22. shares. If the treasury stock was repurchased at $30.00 per share, how many shares were purchased?
Transcribed Image Text:OUse the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par value $1,000,000 Common stock, $0.01 par value 7,500 Additional Paid in capital 15,950,000 Total paid in capital 16,957,500 Retained earnings 850,000 Treasury stock (300,000) Total stockholders' equity $17,507,500 18. shares. How many shares of preferred stock have been issued? 19. shares. How many shares of common stock have been issued? $ issued at an average price of $102.00 per share. At what price issued? 20. per share. If the preferred shares were per share were the common shares If retained earnings at the beginning of the period was $825,000 and Net income was $475,000, what were the declared dividends for the year? 21. 2$ 22. shares. If the treasury stock was repurchased at $30.00 per share, how many shares were purchased?
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