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QUESTION 6 Nor complete Marked out of 1.00 Flag question Reporting Stockholders' Equity Bonner Company began business this year and immediately sold 600,000 common shares
QUESTION 6 Nor complete Marked out of 1.00 Flag question Reporting Stockholders' Equity Bonner Company began business this year and immediately sold 600,000 common shares for $18,000,000 cash and paid $1,000,000 in common dividends. At midyear, the firm bought back some of its own shares. The company reports the following additional information at year-end: Net income Common stock, at par Retained earnings beginning of year Common shares authorized Common shares outstanding at year's end: 550,000 $5,000,000 $6,000,000 S0 a. What was the average sales price of a common share when issued? Round to two decimal places. b. What is the par value of the common? C. How much is in the Additional paid-in capital account at the end of the year? deermine the retaindingut the end of the year e. How many shares of stock are in the treasury at the end of the year? f. Compute BEPS. Round to two decimal places
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