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Finding Amounts Missing from the Stockholders' Equity Section The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below.
Finding Amounts Missing from the Stockholders' Equity Section The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. The company reported a net loss of s 241,065,000 and declared and paid dividends of $11,898,000 in 2009. Stockholders' Equity (in thousands) 2009 2008 Common stock, Class A-116,560,308 and 16,445,495 shares issued; ? and ? shares outstanding 1,165 Common stock, Class B (convertible)-4,010,929 shares issued and outstanding 40 40 781,055 2,427,727 Additional paid-in capital 778,987 Retained earnings Less treasury stock, at cost, Class A- 47,116,748 and 45,290,148 shares (942,001) (924,560) Required. Complete the following statements and show your computations. 1. Common stock, class A at par value for 2009 was - 2. The number of shares of common stock outstanding wasin 2008 and in 2009. 3. Retained earnings for 2008 was 4. Assume that, in 2009, the cost per share of buying the shares of common stock was approximately equal to the proceeds per share received from issuing treasury shares. During 2009, have the treasury stock transactions increased or decreased corporate resources? By how much? Briefly explain
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