Stock Issuance and Treasury Stock Diva, Inc. recorded the following capital stock transactions: Balance Sheet - Liabilities + Stockholders' Equity Assets Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock (1) 1,048,800 110,400 938,400 (2) (107,800) (107,800) (3) 87.360 73,920 13,440 Use the following additional information about the above transactions when answering questions a through e. (1) issued common stock for $38 cash per share (2) purchased treasury shares at $44 per share. (3) sold some of the treasury shares: a. How many shares were originally issued? o b. What was the par value of the shares issued? $ 0 c. How many shares of treasury stock were acquired? o d. How many shares of treasury stock were sold? 0 e. At what price per share was the treasury stock sold? $ 0

Stock Issuance and Treasury Stock Diva, Inc. recorded the following capital stock transactions: Balance Sheet - Liabilities + Stockholders' Equity Assets Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock (1) 1,048,800 110,400 938,400 (2) (107,800) (107,800) (3) 87.360 73,920 13,440 Use the following additional information about the above transactions when answering questions a through e. (1) issued common stock for $38 cash per share (2) purchased treasury shares at $44 per share. (3) sold some of the treasury shares: a. How many shares were originally issued? o b. What was the par value of the shares issued? $ 0 c. How many shares of treasury stock were acquired? o d. How many shares of treasury stock were sold? 0 e. At what price per share was the treasury stock sold? $ 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company has the following balance sheet (market values): Liabilities + Equity Debt Equity Assets Cash Operating Assets 600 1000 400 1200 If the firm has 110. find the # of outstanding shares remaining after it repurchases 120 worth of shares: (round your answer to the nearest 0.01)
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ll. Subject:- Accounting
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