Required information [The following information applies to the questions displayed below.] The stockholders' equity section of World of Camping is presented here. WORLD OF CAMPING 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, 11,000,000 common shares Total stockholders' equity $5,100,000 21,000,000 624,000,000 650,100,000 279,000,000 (253,000,000) $676,100,000 Based on the stockholders' equity section of World of Camping, answer the following questions. 3. If the common shares were issued at $21 per share, at what average price per share were the preferred shares issued? Preferred shares issued price I per share
Required information [The following information applies to the questions displayed below.] The stockholders' equity section of World of Camping is presented here. WORLD OF CAMPING Balance Sheet (partial) ($ 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, 11,000,000 common shares Total stockholders' equity $5,100,000 21,000,000 624,000,000 650,100,000 279,000,000 (253,000,000) $676,100,000 Based on the stockholders' equity section of World of Camping, answer the following questions. 3. If the common shares were issued at $21 per share, at what average price per share were the preferred shares issued? Preferred shares issued price I per share
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.1E
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