The following data has been collected about a company's stockholders' equity accounts:Common stock 10 par value 20,000 sharesauthorized and 10,000 shares issued, 9,000 shares outstanding100,000Paid-in capital in excess of par value, common stock50,000Retained earnings25,000Treasury stock11.500Assuming the treasury shares were all purchased at the same price,the cost per share of the treasury stock is:

Treasury stock was an stock which was reacquired by the company resulting in reduction of number of…

The following data has been collected about a company's stockholders' equity accounts Common stock 10 par value 20,000 shares 100,000 authorized and 10,000 shares issued, 9,000 shares outstanding Paid-in capital in excess of par value, common stock 50,000 Retained earnings 25,000 Treasury stock 11.500 Assuming the treasury shares were all purchased at the same price. the cost per share of the treasury stock is:

The following data has been collected about a company's stockholders' equity accounts Common stock 10 par value 20,000 shares 100,000 authorized and 10,000 shares issued, 9,000 shares outstanding Paid-in capital in excess of par value, common stock 50,000 Retained earnings 25,000 Treasury stock 11.500 Assuming the treasury shares were all purchased at the same price. the cost per share of the treasury stock is:

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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Using the following accounts and balances, prepare the “Stockholders' Equity" section of the balance sheet. 20,000 shares of common stoCk authorized, and 10,000 shares have been reacquired. Common Stock, $80 par $1,120,000 Paid-In Capital from Sale of Treasury Stock 45,000 Paid-In Capital in Excess of Par-Common Stock 168,000 Retained Earnings 661,000 Treasury Stock 23,000 Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock $ Total paid-in capital Total Total stockholders'eauity.
How many shares of preferred stock have been issued? How many shares of common stock have been issued? Total paid-in capital is $81.60 million. At what average price per share were the common shares issued?
Calculate the dividends for the following: The board of directors declared preferred dividends and common dividends of $2.45 per share. The preferred stock was $200 par, 8% stock with 2,200 shares outstanding. The common stock is $5 par value stock with 5,600 shares outstanding. Show your calculations for each type of stock as well as the total of the dividends to be paid. a. Dividends for Preferred stockholders. b. Dividends for Common stockholders. c. Total cash dividends to be paid.
Safron Inc. has the following data about its common stock: Par value =$1 per share Authorized shares = 10,000,000 Outstanding shares = 4,237,000 Issued shares = 4,630,000 How many shares of treasury stock are there?
At the end of the accounting period, Houston Company had $8,000 of par value common stock issued, additional paid-in capital in excess of par value – common of $10,300, retained earnings of $8,500, and $6,000 of treasury stock. What is the total amount of stockholders' equity?
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Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000 issued, $3 par ? Paid-In Common Stock 93,000 Less: Treasury Stock, 5000 shares (15,000) Retained Earnings 40,000 Assume that Company E pays a $1 per share dividend to its common shareholders. What would be the ending balance in Retained Earnings after the dividend was paid?