Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

fast please On 31/12/2020, the stockholders' equity of BST Corporation was as follows: Paid in capital Preferred stock $ 100 por, authorized 20,000 shares, issued

fast please
image text in transcribed
On 31/12/2020, the stockholders' equity of BST Corporation was as follows: Paid in capital Preferred stock $ 100 por, authorized 20,000 shares, issued and $400,000 Outstanding 4,000 shares Common stock, 55 par authorized 2 million sharos, bued and $1,500,000 Outstanding shares Common stock dividends distributoblo $75,000 Paid in capital in excess of por common $200,000 Poid in capital in excess of par preferred $82.000 Total paid in Capital $2.257.000 Retained Earnings Total stockholders' Equity $2.797,000 35.40.000 Early in January 2021, the stock dividends was issued. Soon after that the company applied a common stock normal salt at a ratio of 1 to 3. Finally the company re-acquired some of its common sharos from the market, by paying $200,000, when the market price was 5 & per share Required: how many common shares are issued at the end of January 2017 number only (ne commas or $ signs)

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_2

Step: 3

blur-text-image_3

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

Financial Accounting For Executives And MBAs

Authors: Paul Simko, James Wallace, Joseph Comprix

5th Edition

1618533665, 9781618533661

More Books

Students also viewed these Accounting questions

Question

4. How does a sex-linked gene differ from a sex-limited genepg105

Answered: 1 week ago

Question

Compare and contrast the housing patterns of different cultures

Answered: 1 week ago

Question

Compare and contrast high- and low-load environments

Answered: 1 week ago

Question

Describe why intercultural communication competence is a necessity

Answered: 1 week ago