Homework Answers
a) Average price = 25375000/1750000 = 14.50 per share
b) Caption
| Common Stock $1 par stated value | 1750000 |
| Paid in capital in excess of stated value-Common Stock | 23625000 |
| Total Common Stock | 25375000 |
c) Cash dividend = 1550000*3.5 = 5425000
d) Difference between issued shares and outstanding shares = Treasury stock
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I was able to calculate everything except the Additional Capital. Can someone please help me? Please...
I was able to calculate everything except the Additional
Capital. Can someone please help me? Please show me how you came up
with the answer as well so I can understand how to do future
problems, please.
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I was able to calculate everything except the Additional
Capital. Can someone please help me? Please show me how you came up
with the answer as well so I can understand how to do future
problems, please.
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