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Reconciling Common Stock and Treasury Stock Balances Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Show the computation to

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Reconciling Common Stock and Treasury Stock Balances Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Show the computation to yield the $1, 033 balance reported for common stock. Enter complete number for number of shares (with all zeros). How many shares are outstanding at 2011 fiscal year end? Use the common stock and paid-in capital accounts to determine the average price at which Abercrombie & Fitch issued its common stock. () Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. ()

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