Shamrock Service Corporation's December 31, 2025 balance sheet reported the following: 3% preferred stock, $175 par value Common stock, $1 par value Paid-in capital in excess of par - preferred stock Paid-in capital in excess of par - common stock Retained earnings Treasury stock Answer the following questions: (a) $350,000 * Your answer is incorrect. 450,000 54,000 6,300,000 The average cost of the treasury shares was $10 per share. 8,950,000 125,000 How many shares of common stock have been issued as of December 31, 2025? 325000 shares of common stock have been issued as of December 31, 2025.
Shamrock Service Corporation's December 31, 2025 balance sheet reported the following: 3% preferred stock, $175 par value Common stock, $1 par value Paid-in capital in excess of par - preferred stock Paid-in capital in excess of par - common stock Retained earnings Treasury stock Answer the following questions: (a) $350,000 * Your answer is incorrect. 450,000 54,000 6,300,000 The average cost of the treasury shares was $10 per share. 8,950,000 125,000 How many shares of common stock have been issued as of December 31, 2025? 325000 shares of common stock have been issued as of December 31, 2025.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Shamrock Service Corporation's December 31, 2025 balance sheet reported the following:
3% preferred stock, $175 par value
Common stock, $1 par value
Paid-in capital in excess of par - preferred stock
Paid-in capital in excess of par - common stock
Retained earnings
Treasury stock
Answer the following questions:
(a)
$350,000
X Your answer is incorrect.
450,000
54,000
6,300,000
The average cost of the treasury shares was $10 per share.
8,950,000
125,000
How many shares of common stock have been issued as of December 31, 2025?
325000 shares of common stock have been issued as of December 31, 2025.
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