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Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. assume there
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. assume there were no other changes ro equity in 2021 January 4, 2021: Repurchased and retired 1 million shares at $8 per share. June 25, 2021: Repurchased and retired 2 million shares at $2 per share. Prior to the transactions, CCC's shareholders' equity included the following: Common stock, 80 million shares at $1 par $ 80,000,000 Paid-in capital - excess of par 160,000,000 Retained earnings 120,000,000 on December 31,2021, the balance in Retained Earnings will be? on December 31,2021, the balance in Common Stock will be?
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. assume there were no other changes ro equity in 2021
January 4, 2021: Repurchased and retired 1 million shares at $8 per share.
June 25, 2021: Repurchased and retired 2 million shares at $2 per share.
Prior to the transactions, CCC's shareholders' equity included the following:
Common stock, 80 million shares at $1 par $ 80,000,000
Paid-in capital - excess of par 160,000,000
Retained earnings 120,000,000
on December 31,2021, the balance in Retained Earnings will be?
on December 31,2021, the balance in Common Stock will be?
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