At the end of the year, the records of Kwan Corporation provided the following selected and...

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At the end of the year, the records of Kwan Corporation provided the following selected and incomplete data: Common stock ($10 par value); no changes in account during the year. Shares authorized: 330,000. Shares issued: (all shares were issued at $15 per share; $2,190,000 total cash collected). Treasury stock: 4,000 shares (repurchased at $20 per share). The treasury stock was acquired after a stock split was announced. Net income: $286,840. Dividends declared and paid: $161,880. Retained earnings beginning balance: $685,000. Required: 1. Determine the following tabulation: a. The number of authorized shares. b. The number of issued shares. c. The number of outstanding shares. 2. Calculate the balance in the Additional paid-in capital account. 3. What is earnings per share (EPS)? 4. What was the dividend paid per share? 5. In what section of the balance sheet should treasury stock be reported? What is the amount of treasury stock that should reported? 6. Assume that the board of directors voted a 2-for-1 stock split. After the stock split, what will be the par value per share? H shares will be outstanding? 7 Accuming the stack onlit mentioned shown on an iournal onto that chould he made At the end of the year, the records of Kwan Corporation provided the following selected and incomplete data: Common stock ($10 par value); no changes in account during the year. Shares authorized: 330,000. Shares issued: (all shares were issued at $15 per share; $2,190,000 total cash collected). Treasury stock: 4,000 shares (repurchased at $20 per share). The treasury stock was acquired after a stock split was announced. Net income: $286,840. Dividends declared and paid: $161,880. Retained earnings beginning balance: $685,000. Required: 1. Determine the following tabulation: a. The number of authorized shares. b. The number of issued shares. c. The number of outstanding shares. 2. Calculate the balance in the Additional paid-in capital account. 3. What is earnings per share (EPS)? 4. What was the dividend paid per share? 5. In what section of the balance sheet should treasury stock be reported? What is the amount of treasury stock that should reported? 6. Assume that the board of directors voted a 2-for-1 stock split. After the stock split, what will be the par value per share? H shares will be outstanding? 7 Accuming the stack onlit mentioned shown on an iournal onto that chould he made

Answer rating: 100% (QA)

Answer 1 a Number of authorized shares 330000 shares b Number of issued shares Total cash collected ... View the full answer