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 $241,185,000
The stockholders equity section on the balance sheet of Dillards, a popular department store, is shown below. The company reported a net income of $241,185,000 and declared and paid dividends of $11,901,000 in 2012. |
Stockholders Equity (in thousands): | 2012 | 2011 | |||
Common stock, Class A116,620,308 and 116,605,495 shares issued; ? and ? shares outstanding | ? | 1,166 | |||
Common stock, Class B (convertible)4,200,929 shares issued and outstanding | 42 | 42 | |||
Additional paid-in capital | 775,055 | 786,987 | |||
Retained earnings | 2,497,727 | ? | |||
Less treasury stock, at cost, Class A47,216,748 and 45,420,148 shares | (950,021 | ) | (943,560 | ) | |
|
Required: |
1. | Calculate the value of common stock, class A at par value for 2012? (Enter your answer in thousands.) |
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2. | Calculate the number of shares of class A of common stock outstanding in 2011 and in 2012? |
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3. | Calculate the value of retained earnings for 2011? (Enter your answer in thousands.) |
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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.) |
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