Question
At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year).
At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, ? ; issue price $8 per share. Shares held as treasury stock, 11,500 shares, cost $6 per share. Net income for the current year, $420,900. Common Stock account, $145,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year, $750,000.
Required:
shares issued
shares outstanding
the balance in additional paid-in capital would be
earnings per share is
total dividends paid on common stock during the current year is
treasury stock shoul dbe reported in the stockholders equity section of the balance sheet in 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 would be
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