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At December 31 the records ofKozmetsky Corporation provided the following selected and incomplete data: changes during the current year). Common stock (par $2; no Shares
At December 31 the records ofKozmetsky Corporation provided the following selected and incomplete data: changes during the current year). Common stock (par $2; no Shares authorized, 5,000.000. Shares issued. issue price $9 per share. Shares held as treasury stock, 11,000 shares, cost $7 per share. Net income for the current year, $579,600 Common Stock account, $160,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year. $900,000 Required: Complete the foilowing: (Round "Earnings per share" to 2 decimal places.) Shares issued 1 Shares outstanding The balance in Additional Paid-in Capital would be 2. Earnings per share is 3 Total dividends paid on common stock during the ourrent yesr is 4. Treasury stock should be reported in the stockholders equity section of the balance sheet 5 in the amount of Assume that the board of directors voted a 2-for-1 stock split After the stock split, the oar value per share will be
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