Finding Missing Amounts (P11-1)
At December 31, 2011, the records of Duo Corporation provided the following selected and incomplete data:
Common stock (par $1: no changes during the year).
Shares authorized. 5,000,000.
Shares issued, ? ; issue price $80 per share.
Shares held as treasury stock, 100,000 shares, cost $60 per share.
Net income, $4,800,000.
Common stock account, $1,500,000.
Dividends declared and paid. $2 per share.
Retained earnings balance, January 1, 2011, $82,900,000.
Required:
1. Complete the following tabulation:
Shares issued .
Shares outstanding .
2. The balance in the Capital in Excess of Par account appears to be $ .
3. EPS on net income is $ .
4. Total dividends paid on common stock during 2011 is $ .
5. Treasury stock should be reported on the balance sheet under the major caption in the amount of $ .
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.