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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
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, 10,300 shares, cost $6 per share. Net income for the current year, $509,740. Common Stock account, $153,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year, $830,000 Required: Complete the following: (Round "Earnings per share" to 2 decimal places.) 1-a. Shares issued 1-b. Shares outstanding 2. The balance in Additional Paid-in Capital would be Check my work 3. Eamings per share is 4. Total dividends paid on common stock during the current year is 5 Treasury stock should be reported in the stockholders' equity section of the balance sheet in the amount of 6. Assume that the board of directors voted a 2-for-1 stock split. After the stock split, the par value per share will be
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