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The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE 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, 10,000,000 common shares Total stockholders' equity $5,900,000 29,000,000 1,095,200,000 1,130,100,000 287,000,000 (310,000,000) $1,107,100,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. D 13 3. If the common shares were issued at $29 per share, at what average price per share were the preferred shares issued? Preferred shares issued price $ 55 per share

The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE 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, 10,000,000 common shares Total stockholders' equity $5,900,000 29,000,000 1,095,200,000 1,130,100,000 287,000,000 (310,000,000) $1,107,100,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. D 13 3. If the common shares were issued at $29 per share, at what average price per share were the preferred shares issued? Preferred shares issued price $ 55 per share

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 stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE 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, 10,000,000 common shares Total stockholders' equity $5,900,000 29,000,000 1,095,200,000 1,130,100,000 287,000,000 (310,000,000) $1,107,100,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. D 13 3. If the common shares were issued at $29 per share, at what average price per share were the preferred shares issued? Preferred shares issued price $ 55 per share
Transcribed Image Text:The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE 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, 10,000,000 common shares Total stockholders' equity $5,900,000 29,000,000 1,095,200,000 1,130,100,000 287,000,000 (310,000,000) $1,107,100,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. D 13 3. If the common shares were issued at $29 per share, at what average price per share were the preferred shares issued? Preferred shares issued price $ 55 per share
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