Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with the number 8 Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company

image text in transcribed
image text in transcribed
please help me with the number 8
Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows: $300,000 Preferred stock, 550 par value, 5.000 shares authorized,? shares issued Common stock, 7 par 10,000 shares authorised, 9,000 shares issued Additional paid in capital-Preferred Additional paid in capital-Common Additional paid-in capital - Treasury stock Total contributed capital Betained earnings Treasury stock, preferred, 200 shares Total stockholders' equity 90,000 9.000 810,000 1,800 $1,210,800 31.000 16,200) 52 Required: Determine the following items based on Didon's balance sheet. Round al calculations except pershare amounts to the rest whole number; round per share amount to the nearest cent 1. The number of shares of preferred stock issued shares 2. The number of shares of preferred stock outstanding shares 3. The average per share sales price of the preferred stock when issued per share 4. The par value of the common stock per share Week 4 - Assignment eBook Total contributed capital Retained earnings Treasury stock, preferred, 200 shares Total stockholders' equity $1,210,800 31,000 (6,200) $? Required: Determine the following items based on Eldon's balance sheet. Round all calculations except per-share am 1. The number of shares of preferred stock issued 6,000 shares 2. The number of shares of preferred stock outstanding 5,800 shares 3. The average per-share sales price of the preferred stock when issued 51.50 per share 4. The par value of the common stock 10 per share 5. The average per-share sales price of the common stock when issued 100 per share 6. The cost of the treasury stock per share 31 per share 7. The total stockholders' equity 1,235,600 8. The per-share book value of the common stock assuming that there are no dividends in arrears and 103.45 X 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

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

20th edition

77729145, 978-1259295430, 1259295435, 978-0077729141

More Books

Students also viewed these Accounting questions