ACCOUNTG 221 Lecture Notes - Lecture 9: Treasury Stock, Common Stock
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26 Dec 2016
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Related Questions
tockholdersâ Equity | ||||
Contributed capital | ||||
Preferred stock (par $20; authorized 12,000 shares, ? issued, of which 700 shares are held as treasury stock) | $ | 160,000 | ||
Common stock (no-par; authorized 23,000 shares, issued and outstanding 7,000 shares) | 651,000 | |||
Contributed capital (includes $3,400 from treasury stock transactions) | 19,400 | |||
Retained earnings | 52,000 | |||
Cost of treasury stock, preferred | (14,700 | ) | ||
Required: |
1. | Calculate the number of shares of preferred stock issued |
2. | Calculate the number of shares of preferred stock outstanding |
3. | Calculate the average sale price of the preferred stock when issued. (Round your answer to 2 decimal places.) |
4. | Have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much? (Enter the amount as positive value.) |
5. | By how much the treasury stock transactions increased (decreased) stockholdersâ equity? (Enter the amount as positive value.) |
6. | How much did the treasury stock held cost per share? (Round your answer to 2 decimal places.) |
7. | Calculate the value of total stockholdersâ equity |
8. | Calculate the average issue price of the common stock: (Round your answer to 2 decimal places.) |