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 Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $ 6,000 30,000 1,164,000 1, 200,000 288,000 |(352,000) $1,136,000 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amou are presented in thousands.
The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $ 6,000 30,000 1,164,000 1, 200,000 288,000 |(352,000) $1,136,000 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amou are presented in thousands.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The stockholders' equity section of Velcro World is presented here.
VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value
Common stock, $1 par value
Additional paid-in capital
Total paid-in capital
Retained earnings
$
6,000
30,000
1,164,000
1,200,000
288,000
(352,000)
Treasury stock, 11,000 common shares
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.
Problem 10-4A Part 2
2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.)
Number of shares
2,727
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