HOMEWORK solutions 11

HOMEWORK solutions 11 - HOMEWORK solutions: Ch. 11 E114....

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HOMEWORK solutions: Ch. 11 E11–4. Req. 1 ($20 x 100,000 shares) - $1,500,000 = $500,000 Req. 2 $850,000 - $1,200,000 + $800,000 = $450,000 Req. 3 100,000 shares – 90,000 shares = 10,000 shares Req. 4 EPS = $1,200,000 ÷ 90,000 = $13.33 E11–6. Req. 1 Number of shares issued: $150,000 ÷ $1 = 150,000 Req. 2 Number of shares outstanding: 150,000 shares issued minus 1,000 shares held as treasury stock = 149,000 . Req. 3 Average sales price per share of stock when issued: ($150,000 + $200,000) ÷ 150,000 shares = $2.33 . Req. 4 Decreased corporate resources by $50,000 . Req. 5 Treasury stock transactions decreased stockholders’ equity by $50,000 (same as the decrease in corporate resources in 4 above). Req. 6 Treasury stock cost per share: $50,000 ÷ 1,000 shares = $50.00 . Req. 7 Total stockholders’ equity: $550,000 . E11–8. Stockholders’ Equity Contributed capital: Preferred stock, 6%, par $10, authorized 50,000 shares, issued and outstanding, 15,000 shares. ............................................... $150,000
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This note was uploaded on 05/29/2008 for the course BSAD 20B taught by Professor Bruce during the Spring '08 term at UC Riverside.

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HOMEWORK solutions 11 - HOMEWORK solutions: Ch. 11 E114....

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