Question: Required information Problem 10-48 Analyze the stockholders' equity section (L010-7) {The following information applies to the questions displayed below) The stockholders' equity section of The
Required information Problem 10-48 Analyze the stockholders' equity section (L010-7) {The following information applies to the questions displayed below) The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial), ($ in thousands Stockholders' equity: Preferred stock, $50 par value 0 Common stock, 55 par value 18,500 Additional paid-in capital 81,400 Total paid-in capital 99,900 Retained earnings 51,500 Treasury stock 13.400) Total stockholders' equity $148,000 $ Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands Problem 10-48 Part 5 5. If the treasury stock was purchase at $20 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.) Number of shares
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