1.
To identify: The par value of the company’s common stock.
2.
The number of common stock outstanding at the end of 2016.
3.
To identify: average price per share that the stockholders’ of Company AK would have paid for all common stock when issued, as of December 31, 2016.
4.
To prepare: The summary
5.
To identify: the average price per share that the stockholders’ of Company AK would have paid the common stock issued in 2016.
6.
the average price paid by Company AK for the
7.
To prepare: The summary journal entry to record the change in treasury stock during the year.
8.
To prepare: The summary journal entry to record the dividends declared during 2016.
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Financial Accounting (11th Edition)
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