Required: 5. The average per-share sales price of the common stock when issue $? per share 6. The cost of the treasury stock per share $? per share 7. The total stockholders' equity $? 8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value $? per share
Required: 5. The average per-share sales price of the common stock when issue $? per share 6. The cost of the treasury stock per share $? per share 7. The total stockholders' equity $? 8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value $? per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Required:
5. The average per-share sales price of the common stock when issue
$? per share
6. The cost of the treasury stock per share
$? per share
7. The total stockholders' equity
$?
8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value
$? per share
![Analysis of Stockholders' Equity
The Stockholders' Equity section of the December
31, 2017, balance sheet of Eldon Company appeared
as follows:
Preferred stock, $50 par value, 5,000 $275,000
shares
authorized,? shares issued
Common stock, ? par, 10,000 shares 80,000
authorized,
8,000 shares issued
Additional paid-in capital-Preferred
Additional paid-in capital-Common
Additional paid-in capital-Treasury
stock
Total contributed capital
Retained earnings
43,000
Treasury stock, preferred, 200 shares (6,800)
Total stockholders' equity
$?
8,800
480,000
1,600
$845,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c02441a-2709-4a61-a4ed-a2f21d6bd87c%2F69a24e73-bb07-40a9-b57f-4e6858cb8ab3%2Fht37p6c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Analysis of Stockholders' Equity
The Stockholders' Equity section of the December
31, 2017, balance sheet of Eldon Company appeared
as follows:
Preferred stock, $50 par value, 5,000 $275,000
shares
authorized,? shares issued
Common stock, ? par, 10,000 shares 80,000
authorized,
8,000 shares issued
Additional paid-in capital-Preferred
Additional paid-in capital-Common
Additional paid-in capital-Treasury
stock
Total contributed capital
Retained earnings
43,000
Treasury stock, preferred, 200 shares (6,800)
Total stockholders' equity
$?
8,800
480,000
1,600
$845,400
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