Mandella Enterprises has the following stockholders' equity section of its balance sheet on January 1: Mandella Enterprises Stockholders' Equity January 1 10% Preferred Stock, par value $139, 23000 shares issued and outstanding: $3197000 Common Stock, par value $12, 128000 shares issued and outstanding: 1536000 Additional Paid-in Capital: 2640000 Retained Earnings: 1670000 Total Stockholders' Equity: $8980000 In addition, Mandella Enterprises had the following transactions during the year: April 1 Issued 7400 shares of common stock. August 1 Issued 44400 shares of common stock. October 1 Purchased 5920 shares of treasury stock. Compute the number of common shares outstanding and the weighted average number
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On January 1, there were 128,000 shares of common stock issued and outstanding. Show more…
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At the end of the year, the records of Duo Corporation provided the following selected and incomplete data: Common stock: $1,500,000 ($1 par value; no changes in account during the year). Shares authorized: 5,000,000. Shares issued: ______ (all shares were issued at $80 per share). Shares held as treasury stock: 100,000 shares (repurchased at $60 per share). Net income: $4,800,000. Dividends declared and paid: $2 per share. Retained earnings beginning balance: $82,900,000. Required: 1. Answer the following: a. How many issued shares are there? b. How many outstanding shares are there? 2. What is the balance in the Additional Paid-in Capital account? 3. What is earnings per share (EPS)? 4. What was the total dividend paid during the year? 5. In what section of the balance sheet should treasury stock be reported? What is the amount of treasury stock that should be reported?
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