Ahuja Specialties, Inc., reported the following statement of stockholders’ equity for the year ended October 31, 2018:

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.

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A1 Ahuja Specialties, Inc. Statement of Stockholders' Equity For the Year Ended October 31, 2018 Additional Paid-in Retained Earnings $ 913 Common Stock $ 430 Treasury Stock $ (118) Capital $ 1,610 Total $ 2,835 2 (In millions) 3 Balance, October 31, 2017 4 Net income 5 Cash dividends 6 Issuance of stock (100 shares) 7 Stock dividend 8 Sale of treasury stock 9 Balance, October 31, 2018 10 480 (195) 480 (195) 330 10 44 320 160 (204) 20 $ 3,470 $ 484 $ 2,101 $ 994 $ (109)