Question
I have having trouble working problem E6 in Chapter 11 of Financial Accounting by Libby. It is asking to find the class A common stock
I have having trouble working problem E6 in Chapter 11 of Financial Accounting by Libby. It is asking to find the class A common stock par value for 2009, given additional paid-in capital, Retained Earnings, and less treasury stock
Edit:
E11-6
Finding Amounts Missing from the Stockholder's Equity Section
The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below, "Attached in image". The company reported a net loss of $241,065,000 and declared and paid dividends of $11,898,000 in 2009.
Required: Completed 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 was _______ in 2008 and _______ in 2009. 3. Retained earnings for 2008 was _______. 4. At the end of 2009, have the treasury stock transactions (a) increased corporate resources or (b) decreased resources? _______; By how much? _______ 5. During 2009, the treasury stock transactions increased (decreased) stockholders' equity by ______. 6. How much did the treasury stock cost per share? $_______
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