Question

Gfeller Enterprises began fiscal 2010 with the following shareholders’ equity information:
• Common stock shares issued 39,598,900, $ 0.01 par value, paid-in capital in excess of par value, $ 640,078,000.
• Retained earnings deficit balance, ($ 25,436,000).
• Treasury stock shares held 2,549,041, cost $ 38,235,615.
During the period, Gfeller issued 15,000 shares for $ 16.50 per share and reissued 188,549 treasury stock shares at $ 19.00 per share. Gfeller had a net income of $ 77,508,000 during fiscal 2010 and declared dividends of $ 23,719,000. Determine the ending balances of the shareholders’ equity accounts.


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  • CreatedMarch 25, 2015
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