Ahuja Specialties, Inc., reported the following statement of stockholders equity for the year ended October 31, 2021:

Question:

Ahuja Specialties, Inc., reported the following statement of stockholders’ equity for the year ended October 31, 2021: 


Requirements 

Answer these questions about Ahuja’s stockholders’ equity transactions.

1. What is the par value of the company’s common stock? 

2. At what price per share did Ahuja 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. Ahuja’s 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 nearest percentage. (Ignore treasury stock in answering this question.)

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Financial Accounting

ISBN: 9780136899037

13th Edition

Authors: C. William Thomas, Wendy M Tietz

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