[The following information applies to the questions displayed below.] The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 6,000 Common stock, $1 par value 30,000 Additional paid-in capital 1,164,000 Total paid-in capital 1,200,000 Retained earnings 288,000 Treasury stock, 11,000 common shares (352,000 ) Total stockholders' equity $ 1,136,000 Based on the stockholders’ equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Required: 1. How many shares of preferred stock have been issued?
[The following information applies to the questions displayed below.] The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 6,000 Common stock, $1 par value 30,000 Additional paid-in capital 1,164,000 Total paid-in capital 1,200,000 Retained earnings 288,000 Treasury stock, 11,000 common shares (352,000 ) Total stockholders' equity $ 1,136,000 Based on the stockholders’ equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Required: 1. How many shares of preferred stock have been issued?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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[The following information applies to the questions displayed below.]
The
| VELCRO WORLD | ||||
| ($ and shares in thousands) | ||||
| Stockholders' equity: | ||||
| $ | 6,000 | |||
| Common stock, $1 par value | 30,000 | |||
| Additional paid-in capital | 1,164,000 | |||
| Total paid-in capital | 1,200,000 | |||
| 288,000 | ||||
| (352,000 | ) | |||
| Total stockholders' equity | $ | 1,136,000 | ||
Based on the stockholders’ equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.
Required:
1. How many shares of preferred stock have been issued?
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