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28 Sep 2019
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.)
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.) |
Keith LeannonLv2
28 Sep 2019