Question: eek 6 HW, Chapter 11 i 0 7 points Saved E11-7 (Static) Finding Amounts Missing from the Stockholders' Equity Section [LO 11-2, LO 11-4]
eek 6 HW, Chapter 11 i 0 7 points Saved E11-7 (Static) Finding Amounts Missing from the Stockholders' Equity Section [LO 11-2, LO 11-4] The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: eBook Hint References Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred $ 104,000 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,000 shares) 14,300 600,000 Retained Earnings Treasury Stock, 1,000 Preferred shares at cost Assume that no shares of treasury stock have been sold in the past. Required: 30,000 (9,500) Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.) 1. The number of shares of preferred stock issued was 5,200 2. The number of shares of preferred stock outstanding was 3. The average issue price of the preferred stock was 4,200 per share 4. The average issue price of the common stock was $ 100 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost per share 7. Total stockholders' equity is $ 744,100 Help Save & Exit Check
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