Question

0 The stockholders equity section of Velcro World is presented here. 5 or 5 1 VELCRO WORLD Balance Sheet (partial) ($ and sh
0 0
Add a comment Improve this question Transcribed image text
Answer #1

5. Average cost = Total amount for treasury stock/ mo. of treasuary common shares

= 288000/12000

= $24 per share

Add a comment
Know the answer?
Add Answer to:
0 The stockholders' equity section of Velcro World is presented here. 5 or 5 1 VELCRO...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($...

    The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 4,600 Common stock, $1 par value 16,000 Additional paid-in capital 401,000 Total paid-in capital 421,600 Retained earnings 274,000 Treasury stock, 12,000 common shares (216,000 ) Total stockholders' equity $ 479,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Required...

  • net income for the year The stockholders' equity section of Velcro World is presented here. VELCRO...

    net income for the year The stockholders' equity section of Velcro World is presented here. VELCRO WORLD 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, 12,000 common shares Total stockholders' equity $ 4,600 16,000 401,000 421,600 274,000 (216,000) $ 479,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are...

  • Required information [The following information applies to the questions displayed below.) The stockholders' equity section of...

    Required information [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s 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, 12,000 common shares Total stockholders' equity $ 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) $ 988,400 Based on the stockholders' equity section of Velcro World, answer the following...

  • Check my Required information (The following information applies to the questions displayed below.) Part 1 of...

    Check my Required information (The following information applies to the questions displayed below.) Part 1 of 5 The stockholders' equity section of Velcro World is presented here. points cBook VELCRO WORLD 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 conmon shares Total stockholders' equity References 4,700 12,000 461,200 462, 900 275.000 (209,000) $520,900 Based on the stockholders'...

  • Saved Saved Chapter 10, Homework i You skipped this question in the previous attempt. 9 Required...

    Saved Saved Chapter 10, Homework i You skipped this question in the previous attempt. 9 Required information [The following information applies to the questions displayed below.) Part 5 of 5 The stockholders' equity section of Velcro World is presented here. 1.36 points :! - VELCRO WORLD Balance Sheet (partial) (5 and shares in thousands) Stockholders equity: Preferred stock, $1 par value Common stock, 51 par value Additional paid in capital Total paid in capital Retained earnings Treasury stock, 11.000 common...

  • with this info given i need to know how to answer these? The stockholders' equity section...

    with this info given i need to know how to answer these? The stockholders' equity section of Velcro World is presented here. SVELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity Preferred stock, $1 par value Common stock, $1 par value Additional pald-in capital 4,800 18,000 483,600 Total pald-in capital Retained earnings Treasury stock, 10,000 common shares 506,400 276.000 (200,000) Total stockholders' equity $ 582,400 Required: 1. How many shares of preferred stock have been issued? Number...

  • Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.

    Required information [The following information applies to the questions displayed below.)The stockholders' equity section of Velcro World is presented here.Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 2. How many shares of common stock have been issued?

  • Problem 10-4B Analyze the stockholders' equity section YULUI Problem 10-4B Analyze the stockholders' equity section (LO10-7)...

    Problem 10-4B Analyze the stockholders' equity section YULUI Problem 10-4B Analyze the stockholders' equity section (LO10-7) The following information applies to the questions displayed below The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $ 15,000 45,000 60,000 48,000 (2,700) $105,300 Based on...

  • 1. How many shares of preferred stock have been issued? 2. How many shares of common...

    1. How many shares of preferred stock have been issued? 2. How many shares of common stock have been issued? 3. If the common shares were issued at $15 per share, at what average price per share were the preferred shares issued? 4. If retained earnings at the beginning of the period was $235 million and $15 million was paid in dividends during the year, what was the net income for the year? The stockholders' equity section of Velcro World...

  • The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here....

    The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,667 shares authorized, 5,200 shares issued and outstanding 530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600 Common stock, no par, 746,120 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders'...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT