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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, except par value amounts) | January 30, 2016 | January 31, 2015 |
---|---|---|
Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at each of January 30, 2016, and January 31, 2015 | $1,033 | $1,033 |
Paid-in capital | 407,029 | 434,137 |
Retained earnings | 2,530,196 | 2,550,673 |
Accumulated other comprehensive loss, net of tax | (114,619) | (83,580) |
Treasury stock at average cost: 35,952 and 33,948 shares at January 30, 2016 and January 31, 2015, respectively | (1,532,576) | (1,512,562) |
Total Abercrombie & Fitch Co. stockholders' equity | 1,291,063 | 1,389,701 |
Noncontrolling interests | 4,659 | 0 |
Total shareholders' equity | $ 1,295,722 | $ 1,389,701 |
(a) Show the computation to yield the $1,033 balance reported for common stock. Enter complete number for number of shares (with all zeros). (Answer
shares) x ($Answer
) = $1,033 thousand (b) How many shares are outstanding at 2016 fiscal year-end? Answer
shares (c) Use the common stock and paid-in capital accounts to determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.) $Answer
(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.) $Answer
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