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,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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