Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The stockholders equity section on the balance sheet of Dillards, a popular department store, is shown below. The company reported a net income of $241,105,000

The stockholders equity section on the balance sheet of Dillards, a popular department store, is shown below. The company reported a net income of $241,105,000 and declared and paid dividends of $11,906,000 in 2012.

Stockholders Equity (in thousands): 2012 2011
Common stock, Class A116,630,308 and 116,465,495 shares issued; ? and ? shares outstanding ? 1,165
Common stock, Class B (convertible)4,150,929 shares issued and outstanding 42 42
Additional paid-in capital 772,055 791,987
Retained earnings 2,607,727 ?
Less treasury stock, at cost, Class A47,276,748 and 45,340,148 shares (958,021 ) (940,560 )

Required:
1.

Calculate the value of common stock, class A at par value for 2012? (Enter your answer in thousands.

2.Calculate the number of shares of class A of common stock outstanding in 2011 and in 2012?

3.

Calculate the value of retained earnings for 2011? (Enter your answer in thousands.)

4.

At the end of 2012, have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much? (Enter the amount as positive value. Enter your answer in thousands.)

5.

By how much did the treasury stock transactions, that occurred during 2012, increased (decreased) stockholders equity during 2012 compared to 2011? (Enter the amount as positive value. Enter your answer in thousands.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Quality System For The Defense Industry

Authors: Charles B. Robinson

1st Edition

0873890787, 978-0873890786

More Books

Students also viewed these Accounting questions

Question

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago