Question: PART I (16 points) The following items are from ABC Co.'s balance sheet as of 12/31/2018 Common stock, $5 par value, 300,000 shares authorized........ Paid
PART I (16 points) The following items are from ABC Co.'s balance sheet as of 12/31/2018 Common stock, $5 par value, 300,000 shares authorized........ Paid in Capital in excess of par value. Retained Earnings..... Treasury stock (10,000 shares at cost)... $1,200,000 120,000 500,000 150,000 Fill in each blank and provide supporting computations/logic for each answer below: (a) The number of shares of common stock issued was # (b) The number of shares of common stock outstanding was (c) The total sales price of the common stock when originally issued was $ (d) How much did the treasury stock cost per share? $_ (e) What is the average issue price of the common stock per share? $ " What is Total Stockholders' Equity? $_ (9) How much of the assets were contributed by the stockholders? $. (h) If 25% of the treasury shares were re-issued for $20 a share, what balance would remain in the Treasury Stock account? $_
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
