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The stockholders' equity section on the December 31, 2009, balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized
The stockholders' equity section on the December 31, 2009, balance sheet of Chemfast Corporation reported the following amounts: |
Contributed Capital | |||
Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 500 shares are held as treasury stock) | $ | 104,000 | |
Additional Paid-in Capital, Preferred | 14,300 | ||
Common Stock (no-par; authorized 20,000 shares, issued and outstanding 8,000 shares) | 600,000 | ||
Retained Earnings | 30,000 | ||
Preferred Treasury Stock, 500 shares at cost | 9,500 | ||
|
Assume that no shares of treasury stock have been sold in the past. |
Required: |
Complete the following statements. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
1. | The number of shares of preferred stock issued was . |
2. | The number of shares of preferred stock outstanding was . |
3. | The average issue price of the preferred stock was $ per share. |
4. | The average issue price of the common stock was $ . |
5. | The treasury stock transaction (Click to select)decreasedincreased stockholders' equity by $ . |
6. | The treasury stock cost $ per share. |
7. | Total stockholders' equity is $ . |
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