Question
DeZurik Corp. had the following stockholders equity section in its June 30, 2019, balance sheet (in thousands, except share and per share amounts): Calculate the
DeZurik Corp. had the following stockholders equity section in its June 30, 2019, balance sheet (in thousands, except share and per share amounts):
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Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage.
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Calculate the amount that should be shown on the balance sheet for common stock at June 30, 2019.
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What was the average issue price of common stock shown on the June 30, 2019, balance sheet?
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How many shares of treasury stock does DeZurik Corp. own at June 30, 2019?
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Assume that the treasury shares were purchased for $21 per share. Calculate the amount that should be shown on the balance sheet for treasury stock at June 30, 2019.
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Calculate the retained earnings balance at June 30, 2019, after you have completed parts ae.
June 30 2019 ($000's) $5,760 Paid-in capital: $4.50 Preferred stock, $ image par value, cumulative, 150,000 shares authorized, 64,000 shares issued and outstanding Common stock, $5 par value, 4,000,000 shares authorized, 1,640,000 shares issued, 1,500,000 shares outstanding Additional paid-in capital on common stock Retained earnings Less: Treasury common stock, at cost, image shares Total stockholders' equity 22,960 $48.000
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