Shepherd Company’s Stockholder’s equity is as follows:
Common Stock, $ 3 par $15,119
Additional PIC 22,518
Treasury Stock, $ 7 $ 1,970
How many treasury shares are owned by the company? Round to a whole number
Shepherd Company’s Stockholder’s equity is as follows: Common Stock, $ 3 par $15,119 Additional PIC  
31, Stockholders Equity: Preferred stock ($50 par) Common stock ($0.10 par) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (5,000 common shares) Total stockholders' equity $500,000 30,000 7,520,000 8,050,000 610,100 (150,000) $8,510,100 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3. If the common shares were issued at $25 per share, at what average price...
The stockholders' equity section of the balance sheet on December 31, 2019 follows: Common stock, $4 par, 25,000 shares authorized $ 88,000 Additional paid-in capital 176,000 Treasury stock, 1,400 shares at cost 28,000 Retained earnings 105,000 Total stockholders' equity $ ? How many shares of common stock are outstanding? How many shares of common stock will receive dividends if dividends are declared?
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value) $ 35,000 Capital surplus 212,000 Retained earnings 700,000 Total owners’ equity $ 947,000 a. Assume the company's stock currently sells for $23 per share and a stock dividend of 12 percent is declared. How many new shares will be distributed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares issued ...
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value) $ 55,000 Capital surplus 239,000 Retained earnings 790,000 Total owners’ equity $ 1,084,000 a. Assume the company's stock currently sells for $32 per share and a stock dividend of 10 percent is declared. How many new shares will be distributed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares issued 5500 Show the new balance for...
Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100) $300,000 Common stock (par $0.01) 1,000 Additional Paid in capital 1,811,000 Total paid in capital 2,112,000 Retained earnings 565,200 Treasury stock (3,000 common shares) (66,000) Total stockholders' equity $2,611,200 Assume that the company sold 1,000 shares of its treasury stock for $25 per share. 7. How much would additional paid in capital change? $_______ 8. How much would Stockholders’ Equity change? $_______ 9. How...
The Stockholders' Equity category of Nettle Corp. balance sheet appears below. Common stock, $10 par, 10,600 shares issued, 9,200 outstanding $ ? Additional paid-in capital ? Total contributed capital $308,000 Retained earnings 94,000 Treasury stock, ? shares at cost 9,500 Total stockholders' equity $ ? Required: 1. Determine the missing values indicated by question marks. Common stock total par value $ Additional paid-in capital $ Total stockholders' equity $ Number of shares of treasury stock shares 2. What was the...
On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 73,000 shares authorized, issued, and outstanding $ 730,000 Paid-in capital in excess of par value, common stock 221,000 Retained earnings 872,000 Total stockholders’ equity $ 1,823,000 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 5,100 shares of its own common stock at $26 per share on October 11. Sold 1,025 treasury shares on November 1 for $32 cash...
$ - Safari Fusion reported shareholders' equity as follows: Preferred stock, $10.00 par value Authorized 10,000 shares, issued-None Common stock, $1 par value Authorized 30,000 shares, issued 15,000 shares Capital in excess of par value Retained earnings 15,000 45,000 90,000 150,000 (16,000) $114,000 Total paid-in capital Less: Treasury stock, at cost (2,000 common shares) Total stockholders' equity Requirements 1. What was the average issue price per share of the common stock? 2. Journalize the issuance of 1,000 shares of common...
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (400,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 400,000 1,600,000 200.000 800.000 $3,000,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. a. The number of shares outstanding after a 2-for-1 stock split is shares (Round to the nearest whole number.)
On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 95,000 shares authorized, issued, and outstanding $ 950,000 Paid-in capital in excess of par value, common stock 331,000 Retained earnings 1,048,000 Total stockholders’ equity $ 2,329,000 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 7,300 shares of its own common stock at $48 per share on October 11. Sold 1,575 treasury shares on November 1 for $54 cash...