Homework Answers
| a | No. of common stock outstanding =$1,300,000 / $5 =260,000 shares | |
| b | No. of sahres outstanding =No. of shares issued - Treasury stock issued | |
| No. of sahres outstanding =260,000 shares - 15,000 shares =245,000 shares | ||
| c | Common stock | $13,00,000 |
| Add:Common shares issued in excess of par | $1,20,000 | |
| Sales price of common shares | $14,20,000 | |
| d | Treasury stock cost per share =$225,000 / 15,000 shares =$25 per shares | |
| e | Average issue price per share =$1,420,000 / 260,000 shares =$5.46 per share | |
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Problem 5. The following items were shown on the balance sheet of Bender Corporation on December...
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#13 and #15 plz!
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