Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

compute the number of stockholders shares ...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following Preferred stock, 8%, 350 par value,

compute the number of stockholders shares
image text in transcribed
image text in transcribed
...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following Preferred stock, 8%, 350 par value, 100,000 shares authorized, 15,000 shares issued and outstanding... $750,000 Common stock, 55 par value 600,000 shares authorized, shares issued and shares outstanding Additional paid-in-capital in excess of par-Common........ ..$1,000,000 Retained Earnings ................ $500,000 Treasury Stock.(25,000 shares).............5.200,000 Compute the number of common shares issued: O A. 60,000 B. 1,140,000 C. 540,000 D.600,000 QUESTION 13 $2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following Preferred stock, N, 350 par value 100,000 shares authorized, 15,000 shares issued and outstanding $750,000 Common stock, 55 par value 600,000 shares authorized, shares issued and shares outstanding.... Additional paid-in-capital in excess of par-Common........................1,000,000 Retained Earnings $ 500.000 Treasury Stock (25,000shares)...............5.200,000 Compute the number of common shares outstanding A. 60,000 B.515,000 C.575,000 D. 600,000 Click Save and Submit to save and submit. Click Save All Antento save alla QUESTION 14 Jim Croce Corporation's stockholders' equity at December 31 consists of the following: Preferred stock, 8M, $50 par value, 100,000 shares authorized, 15,000 shares issued and outstanding.... $750,000 Common stock, $5 par value 600,000 shares authorized, shares issued and shares outstanding....................$2,700,000 Additional paid-in-capital in excess of par-Common...... ..........$1,000,000 Retained Earnings ..............................$ 500,000 Treasury Stock.(25,000shares).............5.200,000 Compute the average sales price per share of the common stock when it was issued: (Round to nearest penny if necessary) A. $4.50 B. $5. OC. $6.85 D. $6.17 QUESTION 15 Jim Croce Corporation's stockholders' equity at December 31 consists of the following: Preferred stock, 8%, 550 par value, 100,000 shares authorized, 15,000 shares issued and outstanding....... $ 750,000 Common stock, 55 par value 600,000 shares authorized, 7777 shares issued and 777 shares outstanding................$2,700,000 Additional paid-in-capital in excess of par-Common......................... ..$1,000,000 Retained Earnings ....................... ................... $ 500,000 Treasury Stock (25,000shares)..............5.200,000 Compute the total Paid In -Capital: A. $4,450,000 B. 54,950,000 C. 55,150,000 D. 54,750,000 Sand Sub to and

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What The Numbers Mean

Authors: David Marshall

13th Edition

1264126743, 9781264126743

More Books

Students also viewed these Accounting questions

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago