Commerce Analysts, Inc., reported the following statement of stockholders equity for the year ended September 30, 2012.

Question:

Commerce Analysts, Inc., reported the following statement of stockholders€™ equity for
the year ended September 30, 2012.

Commerce Analysts, Inc., reported the following statement of stockholders€™ equity

Requirements
1. What is the par value of the company€™s common stock?
2. At what price per share did the company issue its common stock during the year?
3. What was the cost of treasury stock sold during the year? What was the selling price of the treasury stock sold? What was the increase in total stockholders€™ equity from selling the treasury stock?
4. What overall effect did the stock dividend have on total stockholders€™equity?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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