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Mgmt 200 Fall 2008 Homework 9

Mgmt 200 Fall 2008 Homework 9 - LAST NAME FIRST NAME_PUID...

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LAST NAME : _____________ F IRST NAME ______________PUID_________________ Please write your name in BLOCK letters and in the format: Last name, First name. Management 200 – Introductory Financial Accounting– Fall 2008 Krannert School of Management - Purdue University Homework 9 – due Friday, December 5, 2008 IMPORTANT: This homework must be turned in on this sheet of pages (please staple). It is preferred that you print it out two-sided if at all possible. Assignments not completed on this form will not be graded. The grade for this assignment will be based on the correctness of a partial portion of the assignment – the full assignment will not be graded. Please print your name and PUID clearly and legibly in the spaces above. Knight Corporation Partial balance sheet as at December 31, 2006 (Dollar amounts in thousands) Stockholders’ equity: Common stock, $0.25 par, 400,000,000 shares authorized, 168,000,000 issued $ 42,000 Additional paid-in capital 588,000 Retained earnings 685,680 Treasury shares, at cost (18,000,000 shares) (450,000 ) Total stockholders’ equity $865,680 History: a. Knight Corporation issued 42,000,000, $1.00 par common shares in its initial
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