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5. McLean Homebuilders,Inc. reports the ollowing information on its balance sheet on December 31, 2014. (10 pts) Account Common Stock (1,000,000 shares issued) Capital in
5. McLean Homebuilders,Inc. reports the ollowing information on its balance sheet on December 31, 2014. (10 pts) Account Common Stock (1,000,000 shares issued) Capital in Excess of Par Treasury Stock Common Stock (total) 50,000,000 9,600,000) 50,400,000 Additionally, they report 800,000 shares outstanding on this date. a. Calculate the par value of common stock. x+ 50,000,000-9,600,000 50,400,000 x 10,000,000 10,000,000 1,000,000 $10 b. Calculate the average repurchase price of the shares held as treasury stock
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