Homework Answers
Solution 2:
Retained earnings at the beginning of year = Ending retained earnings - Net Income + Dividends
= $800000 - $1130000 + 790000 = $460,000
Solution 3:
Shares in treasury stock = Shares issued - Shares outstanding = 100000 - 76000 = 24,000 shares
Solution 4:
Earnings per share = Net income / Shares outstanding = $1130000 / 76000 = $14.87
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Required information E11-4 (Algo) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the...
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