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XYZ had the following information available from their financial statements at 2013 year end: Common Stock $1,000,000 Retained earnings $ 500,000 Net Income $ 200,000
XYZ had the following information available from their financial statements at 2013 year end:
Common Stock $1,000,000
Retained earnings $ 500,000
Net Income $ 200,000
Common Stock additional paid-in-capital $9,000,000
Dividends declared and paid $ 400,000
CS Shares authorized 10,000,000
CS Issued 1,000,000
CS Outstanding 800,000
1. Calculate the beginning retained earnings for 2013.
2. Calculate the par value of a share of common stock.
3. Calculate the number of treasury shares of common stock.
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