Question

Delta Products Company reported the following stockholders’ equity on its balance sheet:


Requirements
1. What caused Delta’s preferred stock to decrease during 2015? Cite all possible causes.
2. What caused Delta’s common stock to increase during 2015? Identify all possible causes.
3. How many shares of Delta’s common stock were outstanding at December 31, 2015?
4. Delta’s net income during 2015 was $1,368 million. How much were Delta’s dividends during the year?
5. During 2015, Delta sold no treasury stock. What average price per share did Delta pay for the treasury stock that the company purchased during theyear?


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  • CreatedJuly 25, 2014
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