Question

The following information is from the equity section of the comparative balance sheets of Shelby Electronics, Inc.:


Requirements
1. What was the average issue price per share of the 250,000 shares classified as “issued” at November 30, 2010? (Round the answer to the nearest cent.)
2. What was the average issue price of the 75,000 shares of common stock issued during the fiscal year ended November 30, 2010?
3. How many shares were outstanding at November 30, 2010? How many shares were outstanding at November 30, 2009?
4. How many shares did the company buy back during the year? What was the average cost of a share of the treasury shares purchased during the year? (Assume no treasury stock was sold during the year.)
5. If no dividends were declared and paid, what was net income for the year ended November 30,2010?


$1.99
Sales0
Views54
Comments0
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000