ABC inc. had 950 million shares of common stock authorized, 700 million in issue, and 600 million
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Question:
ABC inc. had 950 million shares of common stock authorized, 700 million in issue, and 600 million outstanding. Its equity account was as follows:
ITEM | Value |
---|---|
Common stock | $400 |
Additional paid-in capital | $5,200 |
Retained earnings | $5,000 |
Treasury shares | -790 |
A) What was the par value per share?
B) What was the average price at which shares were sold?
C) How many shares had been repurchased?
D) What was the average price at which the shares were repurchased?
Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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