Following is the stockholders’ equity section of a recent balance sheet for Portlands, Inc.: Stockholders’ Equity:...
Following is the stockholders’ equity section of a recent balance sheet for Portlands, Inc.:
|
Stockholders’ Equity: |
|
|
Preferred stock, $0.01 par value, authorized shares – 100,000, issued shares – none |
— |
|
Common stock, $1.25 par value, authorized shares, – 400,000, issued shares – 241,764 |
$ 302,205 |
|
Capital in excess of par |
604,410 |
|
Retained earnings |
5,840,053 |
|
Accumulated other comprehensive loss |
(100,304) |
|
Common stock in treasury, at cost – 75,000 shares |
(2,647,500) |
|
Total stockholders’ equity |
$ 3,998,864 |
- Verify the $302,205 balance for the common stock account.
- What was the average issue price for the common shares issued?
- How many common shares are outstanding as of year-end?
- What was the average cost at which the treasury stock was purchased?
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Following is the stockholders’ equity
section of a recent balance sheet for Portlands, Inc.:
Stockholders’ Equity:...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
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