Finding Amounts Missing fromtheStockholders’Equity Section
The stockholders’ equity section on the balance sheet of Dillard’s. a popular department store. is shown below. The company reported a net loss of $241,065,000 and declared and paid dividends of $11,898,000 in 2009.
Stockholders’ Equity (in thousands ): | 2009 | 2008 |
Common stock, Class A—116,560,308 and 116,445,495 share s issued; ? and ? shares outstanding | ? | 1,165 |
Common stock, Class B (convertible)—4,010,929 shares issued and outstanding | 40 | 40 |
Additional paid-in capital | 781,055 | 778,987 |
Retained earnings | 2,427,727 | ? |
Less treasury stock, at cost , Class A—47,116,748 and 45,290,148 shares | (942,001) | (924,560) |
Required:
Complete the following statements and show your computations.
1. Common stock, class A at par value for 2009 was________________.
2. The number of shares of common stock outstanding was ________________in 2008 and ________________in 2009.
3. Retained earnings for 2008 was ________________.
4. At the end of 2009, have the treasury stock transactions (a)increased corporate resources or (b)decreased resources? ________________By how much? ________________.
5. During 2009, the treasury stock transactions increased (decreased) stockholders ‘ equity by ________________.
6. How much did the treasury stock cost per share? $________________.
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