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THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value $0 Common stock, $5 par value 20,000 Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity 100,000 120,000 53,000 (3,700) $169,300 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all

THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value $0 Common stock, $5 par value 20,000 Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity 100,000 120,000 53,000 (3,700) $169,300 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all

FINANCIAL ACCOUNTING
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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THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value $0 Common stock, $5 par value 20,000 Additional paid-in capital Total paid-in capital Retained earnings Treasury stock (3,700) Total stockholders' equity $169,300 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 100,000 120,000 53,000 6. How much was the dividend per share? (Hint: Dividends are not paid on treasury stock.) (Round your answer to 2 decimal places.)
Transcribed Image Text:THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value $0 Common stock, $5 par value 20,000 Additional paid-in capital Total paid-in capital Retained earnings Treasury stock (3,700) Total stockholders' equity $169,300 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 100,000 120,000 53,000 6. How much was the dividend per share? (Hint: Dividends are not paid on treasury stock.) (Round your answer to 2 decimal places.)
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