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At December 31, 2013, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par exist2: no changes during 2013). Shares
At December 31, 2013, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par exist2: no changes during 2013). Shares authorized, 5,000,000. Shares issued, issue price exist9 per share. Shares held as treasury stock, 11, 600 shares, cost exist7 per share. Net income for 2013, exist410, 720. Common Stock account exist144.000. Dividends declared and paid during 2013, exist2 per share. Retained Earnings balance, January 1, 2013, exist740,000 Complete the following: (Round "Earnings per share" to 2 decimal places.) Shares issued Shares outstanding The balance in Additional Paid-in Capital would be Earnings per share is Total dividends paid on common stock during 2013 is Treasury stock should be reported in the stockholders' equity section of the balance sheet the amount of Assume that the board of directors voted a 2-for-1 stock split. After the stock split, the par value per share will be Disregard the stock split (assumed above). Assume instead that a 100 percent stock dividend was declared and issued after the treasury stock had been acquired, when the market price of the common stock was exist10. Show how stockholders' equity will change. (Select "NE" if there is no effect.) Stockholders' equity Retained earnings Common stock
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