Required Information [The following information applies to the questions displayed below) The stockholders' equity section of Badger Discount Brokerage is presented here. BADGER DISCOUNT BROKERAGE Balance sheet (partial) ($ and shares in thousands) Stockholders' equity. Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total pald-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholdere equity s 6,000 30,000 1.164.000 1,200,000 288,000 (052.000) $1,136.000 Based on the stockholders' equity section of Badger Discount Brokerage, answer the following questions. Remember that all amounts are presented in thousands Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares Required information (The following information applies to the questions displayed below.) The stockholders' equity section of Badger Discount Brokerage is presented here. BADGER DISCOUNT BROKERAGE Balance sheet (partial) ($ and shares in thousands) Stockholders' equity. Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity 6,000 30,000 1,164,000 1,200,000 288,000 (352,000) $1,136,000 Based on the stockholders' equity section of Badger Discount Brokerage, answer the following questions. Remember that all amounts are presented in thousands. 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares Required information The following information applies to the questions displayed below) The stockholders' equity section of Badger Discount Brokerage is presented here. BADGER DISCOUNT BROKERAGE Balance Sheet partial) ($ and shares in thousands) Stockholders' equity Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11.000 common shares Total stockholders' equity 6,000 30.000 1,164,000 1,200,000 288.000 352.000) $1,136.000 Based on the stockholders' equity section of Badger Discount Brokerage, answer the following questions. Remember that all amounts are presented in thousands 3. If the common shares were issued at $30 per share, at what average price per share were the preferred shares issued? per share Preferred shares issued price Required Information The following information applies to the questions displayed below) The stockholders' equity section of Badger Discount Brokerage is presented here. BADGER DISCOUNT BROKERAGE Balance Sheet partial) ($ and shares in thousands) Stockholders' equity. Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity 5 6,000 30,000 1.164.000 1,200,000 288,000 352.000) $1,136.000 Based on the stockholders' equity section of Badger Discount Brokerage, answer the following questions. Remember that all amounts are presented in thousands. 4. If retained earnings at the beginning of the period was $250 million and $30 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.e., 5,000,000 should be entered as 5).) million Net Income Required information [The following information applies to the questions displayed below) The stockholders' equity section of Badger Discount Brokerage is presented here. BADGER DISCOUNT BROKERAGE Balance sheet (partial) ($ and shares in thousands) Stockholders' equity! Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $ 6,000 30,000 1.164,000 1,200,000 288,000 (352,000) $1,136,000 Based on the stockholders' equity section of Badger Discount Brokerage, answer the following questions. Remember that all amounts are presented in thousands 5. What was the average cost per share of the treasury stock acquired? per share Average cost
