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Common stock (par $1; no changes during the current year) Shares authorized, 500,000 Shares issued, 2; issue price $27 per share Common Stock account, $250,000.
Common stock (par $1; no changes during the current year) Shares authorized, 500,000 Shares issued, 2; issue price $27 per share Common Stock account, $250,000. Shares held as treasury stock, 3,500 shares, cost $25 per share Net income for the current year, $246,500 Dividends declared and paid during the current year, $73,950 Retained Earnings balance, beginning of the year, $160,000. Required: Complete the following: TIP: To determine the number of shares issued, divide the balance in the Co account by the par value per share. (Round "per share" answers to 2 decimal places.) 1- a. 1- Shares Authorized Shares Issued 1-c. Shares Outstanding 2. The Balance in Additional Paid-in Capital would be 3. Earnings per Share is 4. Dividends Paid per Share of Common Stock is 5. Treasury Stock should be Reported in the Stockholders' Equity Section of the Balance Sheet in the Amount of Assume that the Board of Directors Approved a 2-for-1 Stock Split. After the Stock Split, the Par Value per Share will be
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