Question
Stockholders Equity Paid-In Capital ...........Capital Stock .............Common stock, $5 par value, 750,000 shares ...............authorized; ______ shares issued and ______ outstanding: $3,000,000. ......Additional paid-in capital; In
Stockholders Equity Paid-In Capital ...........Capital Stock .............Common stock, $5 par value, 750,000 shares ...............authorized; ______ shares issued and ______ outstanding: $3,000,000. ......Additional paid-in capital; In excess of par value: 180,000. ...............Total paid-in capital: 3,180,000. Retained Earnings: 500,000. .................Total Paid in capital and retained earnings: 3,680,000. Less: Treasury Stock (20,000 shares): (280,000.) ..................Total Stockholders equity: $3,400,000. Complete the following statements and show your computations. (a) The number of shares of common stock issued was (b) The number of shares of common stock outstanding was ____________. (c) The sales price of the common stock when issued was $____________. (d) The cost per share of the treasury stock was $_______________. (e) The average issue price of the common stock was $______________.
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