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At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock (par $10); no changes in
At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock (par $10); no changes in account during the year. Shares authorized, 350,000. Shares issued: Treasury stock: 6,000 shares (repurchased at $16 per share) The treasury stock was acquired after a stock split was announced. Net income, S212,160 Dividends declared and paid: $120,640. Retained earnings beginning balance: S705,000 (all shares were issued at S20 per share. Total cash collected: $2,200,000. Required: 1. Complete the following tabulation: Shares authorized Shares 2. What is the balance in the Additional Paid-in Capital acoount. 3. What is earnings per share (EPS). (Round your answer to 2 decimal places.) arnings per 4. What was the dividend paid per share. (Round your answer to 2 decimal places.) 5. Under what section should treasury stock be reported on the balance sheet? Also at what amount should it be shown
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