tutorial_9 - Req. 1 Treasury Stock (+XSE, -SE).

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P11–2. Stockholders’ Equity Contributed capital: Preferred stock authorized 21,000 shares; issued and outstanding, 6,500 shares. ........................................................................................ $ 65,000 Common stock authorized 50,000 shares; issued and outstanding, 43,000 shares. ...................................................................................... 344,000 Contributed capital in excess of par, preferred. ...................................... 49,000 Contributed capital in excess of par, common. ...................................... 181,000 Total contributed capital. ..................................................................... $639,000 Retained earnings. ..................................................................................... 51,000 Total stockholders’ equity. ...................................................................... $690,000 P11–8.
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Unformatted text preview: Req. 1 Treasury Stock (+XSE, -SE). .................................................. 625.8 Cash (-A). ........................................................................... 625.8 Req. 2 Cash (+A). .............................................................................. 10.5 Treasury Stock (-XSE, +SE). ............................................. 9.0 Capital in excess of par (+SE). ........................................... 1.5 Req. 3 While there would be an economic loss on this transaction, an accounting loss would not be recorded. Instead, Capital in excess of par would be reduced. CP111. Req. 1There are 25,699 (thousand) shares in treasury stock. Req. 2The dividend per share was $0.28. 1 Req. 3On March 7, 2005, the company had a two-for-one stock split and on December 18, 2006, there was a three-for-two split. Req. 4 Par value is $.01 per share 2...
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This note was uploaded on 05/10/2011 for the course ACCT 1002 taught by Professor Ng during the Spring '11 term at National University of Singapore.

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tutorial_9 - Req. 1 Treasury Stock (+XSE, -SE).

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