Required information [The following information applies to the questions displayed below.] The stockholders' equity section of...
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Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000,000 common shares Total stockholders' equity $4,400,000 14,000,000 327,200,000 345,600,000 272,000,000 (176,000,000) $441,600,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. 3. If the common shares were issued at $14 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000,000 common shares Total stockholders' equity $4,400,000 14,000,000 327,200,000 345,600,000 272,000,000 (176,000,000) $441,600,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. 4. If retained earnings at the beginning of the period was $234,000,000 and $14,000,000 was paid in dividends during the year, what was the net income for the year? Net income Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000,000 common shares Total stockholders' equity $4,400,000 14,000,000 327,200,000 345,600,000 272,000,000 (176,000,000) $441,600,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. 5. What was the average cost per share of the treasury stock acquired? Average cost per share Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000,000 common shares Total stockholders' equity $4,400,000 14,000,000 327,200,000 345,600,000 272,000,000 (176,000,000) $441,600,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. 3. If the common shares were issued at $14 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000,000 common shares Total stockholders' equity $4,400,000 14,000,000 327,200,000 345,600,000 272,000,000 (176,000,000) $441,600,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. 4. If retained earnings at the beginning of the period was $234,000,000 and $14,000,000 was paid in dividends during the year, what was the net income for the year? Net income Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000,000 common shares Total stockholders' equity $4,400,000 14,000,000 327,200,000 345,600,000 272,000,000 (176,000,000) $441,600,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. 5. What was the average cost per share of the treasury stock acquired? Average cost per share
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