Problem 10-4B Analyze the stockholders equity section (LO7) [The


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Problem 10-4B Analyze the stockholders equity section (LO7) [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 $ – Common stock, $5 par value 18,000 Additional paid-in capital 75,600 Total paid-in capital 93,600 Retained earnings 51,000 Treasury stock (3,300) Total stockholders’ equity $ 141,300 Based on the stockholders’ equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) 3. Total paid-in capital is $93.60 million. At what average price per share were the common shares issued? 4. If retained earnings at the beginning of the period was $43 million and net income during the year was $11,091,500, how much was paid in dividends for the year? (Enter your answer in dollars not in millions.) 5. If the treasury stock was reacquired at $20 per share, how many shares were reacquired? 6. How much was the dividend per share? (Hint: Dividends are not paid on treasury stock.) (Round your answer to 2 decimal places.) s_chaisy
posted a question · Dec 10, 2015 at 7:34am

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