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The following information comes from the 2021 Annual Report to stockholders of Composition Inc. (in thousands): From the Statement of Changes in Shareholders' Equity: From
The following information comes from the 2021 Annual Report to stockholders of Composition Inc. (in thousands): From the Statement of Changes in Shareholders' Equity:
From the Statement of Cash Flows: Cash flows from financing activities:
1. What was the average cost per share of the treasury stock purchased by Composition during 2020 and 2021, respectively? (Round your final answers to 2 decimal places.)
2.What was the fair value of the treasury stock exchanged for asset acquisitions for 2020?
Paid-in capital- excess of par 0 Number of Treasury shares (30,561) (5,181) 377 (1,802) 139,209 BALANCES AT December 31, 2019 Net earnings Sales of common stock under option plans Cash dividends declared on common stock: $0.5375 per share Compensation under employee incentive plans Treasury shares exchanged for Acquisitions Purchase of shares for treasury BALANCES AT December 31, 2020 Net earnings Sales of common stock under option plans Cash dividends declared on common stock: $0.5475 per share Compensation under employee incentive plans Purchase of shares for treasury BALANCES AT December 31, 2021 395 20,449 (6,668) (16,008) 132,226 (3,538) (196) 279 366 (2,933) (18,296) $ 128, 492 Dividends paid 2021 $72,244 2020 $66,932Step by Step Solution
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