Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders equity section from Reliable Storages 2018 balance sheet. (in thousands, except share data)

Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders equity section from Reliable Storages 2018 balance sheet. (in thousands, except share data) December 31, 2018 Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 161,000 shares issued and outstanding $3,220,000 Common Shares, $0.08 par value, 650,000,000 shares authorized, 174,130,881 shares issued and outstanding 13,930 Paid-in capital 4,574,788 Accumulated deficit (461,888) Accumulated other comprehensive loss (51,248) Total Reliable Storage shareholders equity $7,295,582 Noncontrolling interests 20,200 Total equity $7,315,782 a. Show the computation to derive the $13,930 thousand for common stock. Answer 0 shares x $Answer 0 per share rounded to $Answer 0 thousand on the balance sheet. b. At what average price has Reliable Storage issued its common stock? $Answer 0 c. At what average price has the company issued its preferred shares? $Answer 0 d. The company reports Accumulated deficit of $(461,888). What would this account be called if the balance was positive rather than negative? Answer Please answer all parts of the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What are the characteristics of important norms?

Answered: 1 week ago

Question

Organizing Your Speech Points

Answered: 1 week ago