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The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: Assume that no shares of treasury stock have
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: Assume that no shares of treasury stock have been sold in the past. Required: Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.) 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 4. The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7. Total stockholders' equity is
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