edited PB11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5) At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 10,000,000. Shares issued, 2 issue price $12 per share. Shares held as treasury stock, 49,000 shares, cost $13 per share. Net Income for the current year, $1,312,900 Common Stock account, $740,000. Dividends declared and paid during the current year. $1 per share. Retained Earnings balance, beginning of year, $36,300,000. Required: Complete the following: (Round per share to 2 decimal places.) 1-a Shares issued 1-b Shares outstanding 2. The balance in Additional Paid-in Capital would be 3 Eamings per share is 4 Total dividends paid on common stock during the current year is 5 Treasury stock should be reported in the stockholders equity section of the balance sheet in the amount of
edited PB11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5) At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 10,000,000. Shares issued, 2 issue price $12 per share. Shares held as treasury stock, 49,000 shares, cost $13 per share. Net Income for the current year, $1,312,900 Common Stock account, $740,000. Dividends declared and paid during the current year. $1 per share. Retained Earnings balance, beginning of year, $36,300,000. Required: Complete the following: (Round per share to 2 decimal places.) 1-a Shares issued 1-b Shares outstanding 2. The balance in Additional Paid-in Capital would be 3 Eamings per share is 4 Total dividends paid on common stock during the current year is 5 Treasury stock should be reported in the stockholders equity section of the balance sheet in the amount of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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edited PB11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5]
At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data:
Common stock (par $1; no changes during the current year).
Shares authorized, 10,000,000.
Shares issued.? issue price $12 per share.
Shares held as treasury stock, 49,000 shares, cost $13 per share.
Net income for the current year, $1,312,900
Common Stock account, $740,000.
Dividends declared and paid during the current year. $1 per share.
Retained Earnings balance, beginning of year, $36,300,000.
Required:
Complete the following: (Round per share to 2 decimal places.)
1-a Shares issued
1-b Shares outstanding
2. The balance in Additional Paid-in Capital would be
3 Earnings per share is
4 Total dividends paid on common stock during the current year is
5 Treasury stock should be reported in the stockholders' equity section of the balance sheet in the amount of](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff96beba6-2919-4d0e-b7ed-499fbd5790bd%2Fda826063-74e7-4bc6-833b-99a8ce772bbe%2Fav8lzzh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1
nts
Skipped
eBook
edited PB11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5]
At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data:
Common stock (par $1; no changes during the current year).
Shares authorized, 10,000,000.
Shares issued.? issue price $12 per share.
Shares held as treasury stock, 49,000 shares, cost $13 per share.
Net income for the current year, $1,312,900
Common Stock account, $740,000.
Dividends declared and paid during the current year. $1 per share.
Retained Earnings balance, beginning of year, $36,300,000.
Required:
Complete the following: (Round per share to 2 decimal places.)
1-a Shares issued
1-b Shares outstanding
2. The balance in Additional Paid-in Capital would be
3 Earnings per share is
4 Total dividends paid on common stock during the current year is
5 Treasury stock should be reported in the stockholders' equity section of the balance sheet in the amount of
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