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Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported
Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid dividends of $10,002,000.
Stockholders Equity: | Current Year | Last Year | |||||
Common stock, Class A118,529,925 and 117,706,523 shares issued; ? and ? shares outstanding | $ | 118,530 | $ | 117,707 | |||
Common stock, Class B (convertible)4,010,929 shares issued and outstanding | 40,000 | 40,000 | |||||
Additional paid-in capital | 828,796,000 | 805,422,000 | |||||
Retained earnings | 3,107,344,000 | 2,653,437,000 | |||||
Less treasury stock, at cost, Class A73,099,319 and 61,740,439 shares | (1,846,312,000 | ) | (1,355,526,000 | ) | |||
2. How many shares of Class A Common Stock were outstanding at the end of last year and the end of the current year?
last year | current year | |
number of shares: | ||
MY ANSWER WHICH IS WRONG | 45,430,606 | 55,966,084 |
please help!
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