Chapter 11, Problem 6E

1.

To determine

Ascertain the amount of par value of Class A common stock account.

2.

To determine

Ascertain the number of shares of Class A common stock was outstanding at the end of the last year and at the end of the current year.

3.

To determine

Ascertain the amount of retained earnings which was reported at the end of last year.

4.

To determine

Ascertain whether the treasury stock transactions of current year has increased or decreased the assets, and determine the amount.

5.

To determine

Ascertain the amount by which the treasury stock transactions increase or decrease the stockholders’ equity during the current year.

6.

To determine

Ascertain the average price paid per share for the shares held in treasury stock at the end of current year.