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Page of 2 0 - ZOOM + Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $50) Common stock
Page of 2 0 - ZOOM + Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $50) Common stock (par $0.01) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (10,000 common shares) Total stockholders' equity $50,000 5,000 4,496,000 4,551,000 1,256,000 (130,000) $5,677,000 Assume that the company sold 3,000 shares of its treasury stock for $15 per share. 7. How much would additional paid in capital change? $_ 8. How much would Stockholders' Equity change? $_ 9. How many shares of Common stock would be outstanding after the reissuance? shares 10. How many shares of Commons stock would be issued after the reissuance? shares
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