Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please tell me the process for each anwers, thanks Required information [The following information applies to the questions displayed below.] The stockholders' equity section of

please tell me the process for each anwers, thanks

image text in transcribed

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Required: 1. How many shares of preferred stock have been issued? (Enter your answer in total number of shares, not in thousands.) Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. 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.) Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 3. Total paid-in capital is $75.90 million. At what average price per share were the common shares issued? Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. 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 $42 million and net income during the year was $11,634,000, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000 ).) Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. 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 purchased at $25 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.) Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 5. How much was the dividend per share? (Hint. Dividends are not paid on treasury stock.) Round your answer to 2 decimal places.)

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_2

Step: 3

blur-text-image_3

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

Auditing A Practical Manual For Auditors

Authors: Lawrence Robert Dicksee

1st Edition

1360462546, 978-1360462547

More Books

Students also viewed these Accounting questions

Question

What are the main uses of decision trees in systems analysis?

Answered: 1 week ago

Question

List and describe three behavioral leadership theories.

Answered: 1 week ago