Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. The company reported a net income of $241,255,000

image text in transcribedimage text in transcribed

The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. The company reported a net income of $241,255,000 and declared and paid dividends of $11,899,000 in 2012. 2011 1,165 Stockholders' Equity (in thousands): 2012 Common stock, Class A116,580,308 and 116,545,495 shares issued; ? and ? shares outstanding ? Common stock, Class B (convertible)-4,130,929 shares issued and outstanding Additional paid-in capital 773,055 Retained earnings 2,567,727 Less treasury stock, at cost, Class A-47,156,748 and 45,310,148 shares (947,021) 41 41 794,987 (938,560) 6. What is the average cost per share of the treasury stock held as of the end of 2012? (Round your answer to 2 decimal places.)

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 Assurance And Risk

Authors: W Robert Knechel, Steven E Salterio

4th Edition

1315531720, 9781315531724

More Books

Students also viewed these Accounting questions