Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100) $100,000
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Question:
Best Incorporated | |
Balance Sheet (partial) | |
At December 31, Year 6 | |
Stockholders' Equity: | |
Preferred stock (par $100) | $100,000 |
Common stock (par $0.10) | 52,500 |
Additional Paid in capital | 9,136,000 |
Total paid in capital | 9,288,500 |
Retained earnings | 658,200 |
Treasury stock (3,000 common shares) | (96,000) |
Total stockholders' equity | $10,042,700 |
Assume that the company sold 1,000 shares of itstreasury stock for $35 per share.
How much would additional paid in capital change? $_______
How much would Stockholders’ Equitychange? $_______
How many shares of Common stock would beoutstanding after thereissuance? _______ shares
How many shares of Commons stock would beissued after thereissuance? _______ shares
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