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. IRONWORKS 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, 12,000 common shares Total stockholders' equity Problem 10-4A (Algo) Part 3 Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are presented in thousands. Preferred shares issued price $5,200 22,000 675,200 702,400 280,000 (288,000) $694,400 3. If the common shares were issued at $22 per share, at what average price per share were the preferred shares issued? per share
Required information Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below.] The stockholders' equity section of Ironworks is presented here. IRONWORKS Balance Sheet (partial) ($ 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, 12,000 common shares Total stockholders' equity Problem 10-4A (Algo) Part 3 Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are presented in thousands. Preferred shares issued price $5,200 22,000 675,200 702,400 280,000 (288,000) $694,400 3. If the common shares were issued at $22 per share, at what average price per share were the preferred shares issued? per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7)
[The following information applies to the questions displayed below.]
The stockholders' equity section of Ironworks is presented here.
IRONWORKS
Balance Sheet (partial)
($ 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, 12,000 common shares
Total stockholders' equity
Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are
presented in thousands.
Problem 10-4A (Algo) Part 3
Preferred shares issued price
$5,200
22,000
675,200
702,400
280,000
(288,000)
$694,400
3. If the common shares were issued at $22 per share, at what average price per share were the preferred shares issued?
per share](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1fe61787-87ec-42ef-9b74-8862c323e0b5%2F9adf65cc-0289-4aa9-bde7-419a53765a8a%2F6dm37wxr_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7)
[The following information applies to the questions displayed below.]
The stockholders' equity section of Ironworks is presented here.
IRONWORKS
Balance Sheet (partial)
($ 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, 12,000 common shares
Total stockholders' equity
Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are
presented in thousands.
Problem 10-4A (Algo) Part 3
Preferred shares issued price
$5,200
22,000
675,200
702,400
280,000
(288,000)
$694,400
3. If the common shares were issued at $22 per share, at what average price per share were the preferred shares issued?
per share
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