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Following is the stockholders equity section of JJ Construction, Inc. at December 31, 2018 Stockholders' Equity December 31, 2018 Common stock - $0.10 par value,
Following is the stockholders equity section of JJ Construction, Inc. at December 31, 2018
Stockholders' Equity | December 31, 2018 |
Common stock - $0.10 par value, authorized 500,000 shares | $ 25,000 |
Additional paid-in capital | 525,500 |
Retained earnings | 55,000 |
Treasury stock 5,000 shares | (50,000) |
Total stockholders' equity | $555,500 |
- Compute the number of shares that have been issued.
- At what average issue price were the shares issued?
- At what average cost was the treasury stock purchased?
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