Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save & Exit Submit 4 Check my work t2 of 6 Required Information [The following information applies to the questions displayed below.) The stockholders'

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Help Save & Exit Submit 4 Check my work t2 of 6 Required Information [The following information applies to the questions displayed below.) The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance sheet (partial) ($ in thousanda) stockholders' equity Preferred stock, $50 par value $ Common stock, 55 par value 13,000 Additional paid-in capital 20.600 Zotal paid in eapital 41,600 Retained earning 46,000 Treasury stock (2.300) Total stockholders' equity $85,300 Book Print ference Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands 2. How many shares of common stock have been issued? (Enter your answer in total number of shares, not in thousands.) Number of shares Check my work 6 Part 4 of 6 10 points Required information [The following information applies to the questions displayed below) The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance sheet (partial (s is thousands) tockholdere equity Preferred stock, $50 par value Common stock, $5 par value 13,000 Additional paid-in capital 20,600 Total paid in capital 41,600 Retained earnings 46,000 Treasury stock (2,300) Total stockholdere equity $85.300 ebook 0 Dance Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands 4. If retained earnings at the beginning of the period was $39 million and net Income during the year was $10,438,750, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (l., 5 should be entered as 5,000,000).) Dividenda pad of 6 Required Information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial ($ in thousands) Stockholdere equity Preferred stock, $50 par value $ 0 Common stock, $5 par value 13,000 Additional paid-in capital 28,600 Total paid-in capital 41,600 Retained earnings 46,000 Treasury stock (2,300) Total stockholders' equity $85,300 Book rences Based on the stockholders' equity section of The Seventies Shop, answer the following questions, Remember that all amounts are presented in thousands. 5. If the treasury stock was purchase at $16 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.) Number of sharon Check my work 3 6 of 6 25 Required information (The following information applies to the questions displayed below.) The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance sheet (partial) (s in thousanda) stockholders' equity Preferred stock, $50 par value $ Common stock, $5 par value 13,000 Additional paid in capital 28,600 Total paid.in capital 41,600 Retained earning 46,000 Trennury stock (2,300) Total stockholders' equity $05,300 elock ferences Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands 6. How much was the dividend per share? (Hint Dividends are not paid on treasury stock.) (Round your answer to 2 decimal places.) Dividond per share

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

Step: 3

blur-text-image

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

Sound Investing, Chapter 24 - The Auditors??? Opinion

Authors: Kate Mooney

2nd Edition

0071719466, 9780071719469

More Books

Students also viewed these Accounting questions