DeZurik Corporation had the following stockholders equity section in its June 3 0 , 2 0 2
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Question:
DeZurik Corporation had the following stockholders equity section in its June balance sheet in thousands, except share and per share amounts:
June in thousands
Paidin capital:
$ Preferred stock, $ par value, cumulative, shares authorized, shares issued and outstanding $
Common stock, $ par value, shares authorized, shares issued, shares outstanding
Additional paidin capital on common stock
Retained earnings
Less: Treasury common stock, at cost shares
Total stockholders' equity $ $
The transactions affecting the stockholders equity accounts of DeZurik Corporation for the year ended June are summarized here:
shares of common stock were issued at $ per share.
shares of treasury common stock were sold for $ per share.
Net income for the year was $in thousands
The fiscal preferred dividends were paid in full. Assume that all shares were outstanding throughout the year ended June
A cash dividend of $ per share was declared and paid to common stockholders. Assume that transactions and occurred before the dividend was declared.
The preferred stock was split for on June Note: This transaction had no effect on transaction
Required:
Record the effect of transactions to in journal entry format.
Calculate the dollar amounts that DeZurik Corporation would report for each stockholders equity caption on its June balance sheet, after recording the effects of transactions to Also the treasury stock was purchased at $
Indicate how the stockholders equity caption details for DeZurik Corporation would change for the June balance sheet, as compared to the disclosures for the balance sheet.
What was the average issue price of common stock shown on the June balance sheet?
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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