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Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet. Stockholders' Equity (thousands,
Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet. Stockholders' Equity (thousands, except par value amounts) Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at each of February 2, 2013, and January 28, 2012 Retained earnings Accumulated other comprehensive income (loss), net of tax Treasury stock at average cost: 24,855 and 17,662 shares at February 2, 2013 andJanuary 28, 2012, respectively Total shareholders' equity February 2, 2013 January 28, 2012 $370,204 2,389,614 $404,304 2,567,261 (13,288) (1,140,009) $ 1,818,268 6,291 (834,774) $1,931,335 (a) How many shares are issued at February 2, 2013? thousand (b) How many shares are outstanding at February 2, 2013? thousand shares outstanding (c) Determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.) $ (d) Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. (Round your answer to two decimal places.) $
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