Elroy Corporation repurchased 3,400 shares of its own stock for $55 per share. The stock has a par of $15 per share. A month later, Elroy resold 850 shares of the treasury stock for $63 per share. Required What is the balance of the Treasury Stock account after these transactions? Balance of treasury stock Weaver Corporation had the following stock issued and outstanding at January 1, Year 1. 1.108,000 shares of $6 par common stock. 2. 8,500 shares of $70 par, 4 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 8,500 shares of preferred stock and a $2 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20. Required Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders. Preferred stock Common stock Enscoe Enterprises, Inc. (EEI) has 300,000 shares authorized, 250,000 shares issued, and 40,000 shares of treasury stock. At this point, EEl has $1,930,000 of assets. $250,000 liabilities, $580,000 of common stock, and $1,100,000 of retained earnings. Further, assume that the market value of EEl's common stock is $10 per share. Required a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share. c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEl's comme stock Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the number of shares of stock that is outstanding. Shares outstanding shares Required B > Enscoe Enterprises, Inc. (EEI) has 300,000 shares authorized, 250,000 shares issued, and 40,000 shares of treasury stock. At this point, EEl has $1,930,000 of assets. $250,000 liabilities, $580,000 of common stock, and $1,100,000 of retained earnings. Further, assume that the market value of EEl's common stock is $10 per share. Required a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share. c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEl's common stock Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the book value per share. Book value per share Enscoe Enterprises, Inc. (EEI) has 300,000 shares authorized, 250,000 shares issued, and 40,000 shares of treasury stock. At this point, EEl has $1,930,000 of assets. $250,000 liabilities, $580,000 of common stock, and $1,100,000 of retained earnings. Further, assume that the market value of EEl's common stock is $10 per share. Required a. Determine the number of shares of stock that is outstanding, b. Determine the book value per share. c. Provide a rational explanation for the difference between the book value per share and the market value per share of Eel's common stock Complete this question by entering your answers in the tabs below. Required A Required Required a rational explanation for the difference between the book value per share and the market value per share of El's common stock. 1. Market value is 2 than the book value is a mesure of historical cost, while is a measure of current values
