Marketing Specialties, Inc., reported the following statement of stockholders’ equity for the year ended October 31, 2014:

Answer these questions about Marketing Specialties’ stockholders’ equity transactions.
1. What is the par value of the company’s common stock?
2. At what price per share did Marketing Specialties 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?
4. Marketing Specialties’ statement of stockholders’ equity lists the stock transactions in the order in which they occurred. What was the percentage of the stock dividend? Round to the nearestpercentage.

  • CreatedJuly 25, 2014
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