Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started