Question
The financial statements for Highland Publications Corporation included the following selected information: Common stock $ 1,515,000 Retained earnings $ 880,000 Net income $ 1,130,000 Shares
The financial statements for Highland Publications Corporation included the following selected information: |
| Common stock | $ | 1,515,000 |
| Retained earnings | $ | 880,000 |
| Net income | $ | 1,130,000 |
| Shares issued | 101,000 | |
| Shares outstanding | 73,000 | |
| Dividends declared and paid | $ | 710,000 |
The common stock was sold at a price of $27 per share. |
What is the amount of capital in excess of par?
Whatwas the amount of retained earnings at the beginning of the year?
How many shares are in treasury stock?
Compute Earnings Per share
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Business Accounting
Authors: Jill Collis, Andrew Holt, Roger Hussey
3rd Edition
113752149X, 9781137521491
