Question
The following items were shown on the balance sheet of Novak Corp. on December 31, 2020: Stockholders Equity Paid-In Capital Capital Stock Common stock, $5
The following items were shown on the balance sheet of Novak Corp. on December 31, 2020:
Stockholders Equity | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Paid-In Capital | ||||||||||
Capital Stock | ||||||||||
Common stock, $5 par value, 710,000 shares authorized; ______ shares issued and ______ outstanding | $3,000,000 | |||||||||
Additional paid-in capital | ||||||||||
In excess of par value | 150,000 | |||||||||
Total paid in capital | 3,150,000 | |||||||||
Retained Earnings | 530,000 | |||||||||
Total paid-in capital and retained earnings | 3,680,000 | |||||||||
Less: Treasury stock (20,000 shares) | 300,000 | |||||||||
Total stockholders equity | $3,380,000 |
Complete the following statements.
(a) | The number of shares of common stock issued was | enter a number of shares | shares | ||
---|---|---|---|---|---|
(b) | The number of shares of common stock outstanding was | enter a number of shares | shares | ||
(c) | The total sales price of the common stock when issued was | $enter a dollar amount | |||
(d) | How much did the treasury stock cost per share? | $enter a dollar amount per share | per share | ||
(e) | What was the average issue price of the common stock? (Round to 2 decimal places, e.g. 5.25) | $enter a dollar amount per share | per share |
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