Market Analysts, Inc., reported the following statement of stockholders equity for the year ended September 30, 2012:

Market Analysts, Inc., reported the following statement of stockholders’ equity for the year ended September 30, 2012:

Requirements
1. What is the par value of the company’s common stock?
2. At what price per share did the company 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 from selling the treasury stock?
4. What overall effect did the stock dividend have on total stockholders’equity?

Transcribed Image Text:

Market Analysts, Inc Statement of Stockholders' Equity Year Ended September 30, 2012 COMMON RETAINED STOCK PAID-IN CAPITAL EARNINGS ADDITIONAL TREASURY STOCK TOTAL ollar amounts in thousands Balance, September 30, 2011 Net Income Cash Dividends Issuance of Stock (4,000 shares) Stock Dividend Sale of Treasury Stock Balance, September 30, 2012 $171 $1,704 519 (117) S(20) $3,973 519 (117) $2,118 15 24 51 93 (117) $1,989 $4.457