Question
Finest Dyanmic, Inc. From the Consolidated Balance Sheets Stockholders' equity: June 30, 2010 June 30, 2009 Common stock, $1.00 par value; 485,000 shares issued and
Finest Dyanmic, Inc. | |||||
From the Consolidated Balance Sheets | |||||
Stockholders' equity: | June 30, 2010 | June 30, 2009 | |||
Common stock, $1.00 par value; 485,000 shares issued and |
| ||||
| shares outstanding at June 30, 2010; and 330,000 | ||||
shares issued and |
| shares outstanding at June 30, 2009 | $485,000 | $330,000 | |
Additional paid-in capital | 3,155,000 | 1,925,000 | |||
Retained earnings | 1,070,000 | 981,000 | |||
Treasury stock, at cost, 15,857 shares at June 30, 2010, and | (111,000) | (55,000) | |||
9,167 shares at June 30, 2009 |
. What was the average issue price per share of the
485 comma 000
shares classified as "issued" at June 30, 2010? (Round the answer to the nearest cent.)
2. What was the average issue price of the
155 comma 000
shares of common stock issued during the fiscal year ended June 30, 2010?
3. How many shares were outstanding at June 30, 2010? How many shares were outstanding at June 30, 2009?
4. How many shares did the company buy back during the year? What was the average cost of a share of the treasury shares purchased during the year? (Assume no treasury stock was sold during the year.)
5. If no dividends were declared and paid, what was net income for the year ended June 30, 2010?
What was the average issue price of the
485 comma 000
shares classified as "issued" at June 30, 2010? (Round to the nearest cent.)
The average issue price of the
485 comma 000
shares classified as issued at June 30, 2010 is
$nothing
.2. What was the average issue price of the 155 comma 000
shares of common stock issued during the fiscal year ended June 30, 2010? (Round to the nearest cent.)
The average price of the
155 comma 000
shares issued during the fiscal year ended June 30, 2010 is
$nothing
.
3. Calculate how many shares were outstanding at June 30, 2010 and at June 30, 2009?
Outstanding | |
2009 | |
2010 |
|
4. How many shares did Finest
Dynamics, Inc., buy back during the year? (Round to the nearest whole number.)
Finest
Dynamics purchased
nothing
shares of treasury stock during the year.
How much was the average cost per share of the treasury stock purchased during fiscal year ended June 30, 2010? (Round to the nearest cent.)
The average cost per share of the treasury stock purchased during fiscal year ended June 30, 2010 is
$nothing
.
5. If no dividends were paid, what was the net income for year ending June 30, 2010?
The net income for fiscal year ending June 30, 2010 is
$nothing
.
during war? What June 30 2010? MacBook Air 30, 2010 June 2009
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