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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 $7 per share. |
Shares held as treasury stock, 10,800 shares, cost $5 per share. |
Net income for the current year, $559,240. |
Common Stock account, $158,000. |
Dividends declared and paid during the current year, $2 per share. |
Retained Earnings balance, beginning of year, $880,000. |
Required:
Complete the following: (Round "Earnings per share" to 2 decimal places.)
1. Shares issued | |
Outstanding shares | |
2. The balance in Additional Paid in Capital would be | |
3. Earnings per share is | |
4. Total dividends paid on common stock during the current year is | |
5. Treasury stock should be reported in the amount of 6. Assume that the board of directors voted for a 2-1 stock split. After the stock split, the par value per share will be |
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