Question
PLEASE HELP AND SHOW ME HOW TO DO THIS THANK YOU SO MUCH F Enterprises Balance...
PLEASE HELP AND SHOW ME HOW TO DO THIS THANK YOU SO MUCH
| F Enterprises | |
| Balance Sheet (partial) | |
| At December 31, Year 4 | |
| Stockholders' Equity: | |
| Preferred stock ($75 par) | $150,000 |
| Common stock ($0.05 par) | 7,500 |
| Additional Paid in capital | 2,246,500 |
| Total paid in capital | 2,404,000 |
| Retained earnings | 375,000 |
| Treasury stock (4,000 common shares) | (72,000) |
| Total stockholders' equity | $2,707,000 |
1. How many shares of preferred stock have been issued? ______
2a. How many shares of common stock have been issued? ______
2b. How many of the common shares are outstanding? ______
3. If the common shares were issued at $15 per share, at what average price per share were the preferred shares issued? $_____
4. If retained earnings at the beginning of the period was $300,000 and $125,000 was earned in net income, what was the amount of dividends declared during the year?$______
5. What was the average cost per share of the treasury stock acquired? $_______
Answers
1) Preferred stock issued = 150000/75 = 2000 Shares
2a) Common Stock issued = 7500/.05 = 150000 Shares
2b) Outstanding shares = 150000-4000 = 146000 shares
3) Average issue price = (2404000-150000*15)/2000 = 77 per share
4) Dividend = 300000+125000-375000 = $50000
5) Cost per share = 72000/4000 = 18 per share
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