Question: Problem 10-4B (Algo) Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below] The stockholders' equity section of The Seventies
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Problem 10-4B (Algo) Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below] The stockholders' equity section of The Seventies Shop is presented here. Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Required: 1. How many shares of preferred stock have been issued? (Enter your answer in total number of shares, not in thousands.) 2. How many shares of common stock have been issued? (Enter your answer in total number of shores, not in thousands.) 3. Total paid in capital is $45.90 milion. At what average price per share were the common shares issued? 4. If retained eamings at the beginning of the period was $38 million and net income during the year was $11,854,000, how much was paid in dividends for the year? (Enter your onswer in dollars not in millions. (i.e., 5 should be entered as 5,000,000 ).) 5. If the treasury stock was purchased at $20 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousonds.)
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