Question
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 | ) | |
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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?
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