Question
The Torre Company has the following account balances in stockholders' equity on December 31 Common Stock-$5 par, 60,000 shares issued $300,000 Paid-In Capital in
The Torre Company has the following account balances in stockholders' equity on December 31 Common Stock-$5 par, 60,000 shares issued $300,000 Paid-In Capital in Excess of Par-Common Stock 600,000 Preferred Stock $100 pat, 5,000 shares issued 300,000 Paid-In Capital in Excess of Par-Preferred 100,000 Retained Earnings 200,000 Treasury Stock (cost $12 per share) 60,000 Answer the following questions 1. How many shares of treasury stack are owned shares 2. What was the average market price per share at which common stock was issued? 3. What was the average market price per share at which preferred stock was d per share 4 What is the total value of the paid in capital portion of stockholders equity 5. What is the total value of stockholder 6 How many shares of common stick are standing 7. If net income for the year was $75,000 and a prefeed stick dividend of $20.000 was paid, what was the beging value of retained eaning wings per share her the year Beginning value of retained earnings Earrings per shar ROCD
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started