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Stockholders' Equity (January 1). Common stock-$5 par value, 100, 000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $ 175,000 135,000 340,000 $ 650,000 The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. Purchased treasury stock for cash. March 20 April 5 July 5 Declared a $0.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. July 31 August 14 October 5 Declared a $0.50 per share cash dividend, date of record October 10. Declared a 20% stock dividend when the stock's market value was $12 per share. Issued the stock dividend that was declared on July 31. 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) $207,E 179,8 420,6 806, (40, $ 766,

Stockholders' Equity (January 1). Common stock-$5 par value, 100, 000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $ 175,000 135,000 340,000 $ 650,000 The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. Purchased treasury stock for cash. March 20 April 5 July 5 Declared a $0.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. July 31 August 14 October 5 Declared a $0.50 per share cash dividend, date of record October 10. Declared a 20% stock dividend when the stock's market value was $12 per share. Issued the stock dividend that was declared on July 31. 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) $207,E 179,8 420,6 806, (40, $ 766,

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...
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Corporate Reporting and Analysis Problems... Stockholders' Equity (January 1) Common stock-$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Saved Less cost of treasury stock Total stockholders' equity Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. Purchased treasury stock for cash. March 20 April 5 Declared a $0.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. July 5 July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Issued the stock dividend that was declared on July 31. August 14 October 5 Declared a $0.50 per share cash dividend, date of record October 10. $ 175,000 135,000 340,000 $ 650,000 Cost per share 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) $ 207,000 179,800 420,000 806,800 (40,000) $766,800
Transcribed Image Text:Corporate Reporting and Analysis Problems... Stockholders' Equity (January 1) Common stock-$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Saved Less cost of treasury stock Total stockholders' equity Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. Purchased treasury stock for cash. March 20 April 5 Declared a $0.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. July 5 July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Issued the stock dividend that was declared on July 31. August 14 October 5 Declared a $0.50 per share cash dividend, date of record October 10. $ 175,000 135,000 340,000 $ 650,000 Cost per share 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) $ 207,000 179,800 420,000 806,800 (40,000) $766,800
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