Required information Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below.) The stockholders' equity section of Ironworks is presented here. TRONWORKS Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 10,000,000 common shares Total stockholders' equity Based on the stockholders' equity section of Ironworks, answer the following questions. $4,800,000 18,000,000 483,600,000 506,400,000 276,000,000 (200,000,000) $582,400,000 Problem 10-4A (Algo) Part 3 3. If the common shares were issued at $18 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share
Required information Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below.) The stockholders' equity section of Ironworks is presented here. TRONWORKS Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 10,000,000 common shares Total stockholders' equity Based on the stockholders' equity section of Ironworks, answer the following questions. $4,800,000 18,000,000 483,600,000 506,400,000 276,000,000 (200,000,000) $582,400,000 Problem 10-4A (Algo) Part 3 3. If the common shares were issued at $18 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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