The following data are from the accounts of Genesis Corporation at December 31. Retained earnings, beginning balance $450,000 Common stock, $? par, 100,000 shares
The following data are from the accounts of Genesis Corporation at December 31. Retained earnings, beginning balance $450,000 Common stock, $? par, 100,000 shares authorized, 50,000 shares issued 500,000 Treasury stock, 1,000 shares Paid-in capital in excess of par Bonds payable Net income (not included in accounts above) Dividends declared and paid (not included in accounts above) Determine the value of the following items. 1. Total retained earnings at year-end 2. Par value per share +A +A $ 3. Number of common shares outstanding 4. Total stockholders' equity $ 5. Average original selling price per share of common stock $ 6. Cost per share of treasury stock +A $ 10,000 200,000 100,000 95,000 40,000
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