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I am trying to understand how to backwards calculate stock values and various things given a companies Statement of Stockholders equity. In the screen shot,
I am trying to understand how to backwards calculate stock values and various things given a companies Statement of Stockholders equity.
In the screen shot, you will see the Data table, and on the right is the requirements(questions) that I need answered.
Please show your work and any explination possible would be great. I really want to understand this material as well.
Thank you for your assistance
Cal Spas, Inc., reported the following statement of stockholders' equity for the year ended September 30, 2018 EEB (Click the icon to view the statement of stockholders' equity) Read the requirements Requirement 1. What is the par value of the company's common stock? The par value of the company's common stock is $ X Requirements Data Table Cal Spas, Inc. Statement of Stockholders' Equity Year Ended September 30, 2018 Additional 1. What is the par value of the company's common stock? 2. At what price per share did the company issue its common stock during the year? 3. What was the cost of treasury stock sold during the year? What was the selling price of the treasury stock sold? What was the increase in total stockholders' equity from selling the treasury stock? Total 4. What overall effect did the stock dividend have on total stockholders' equity? Commonpaid-in Retained Treasury Stockholders capital rnings stoc stock Equity PrintDone Balance, September 30 2017 S 150,000 370,000S 285,000 (24,000781,000 190,000 (75,000) 66,000 Net income 190,000 (75,000) Cash dividends Issuance of stock (3,000 shares) Stock dividend 15,000 16,500 51,000 66,000 (82,500) 8,000 15,000 23,000 Sale of treasury stock Balance, September 30 2018 S 181,500 495,000S 317,500S (9,000) S 985,000Step by Step Solution
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