Analyzing and Computing Issue Price and Shares OutstandingFollowing is the stockholders' equity section from Reliable Storage's 2018 balance sheet.(in thousands, except share data)Preferred Shares. $0.01 par value 100,000,000161.000Common Shares. $0.07 par value, 650,000,000174,130,881Paid-in capitalAccumulated deficitAccumulated other comprehensive lossTotal Reliable Storage shareholders equityNoncontrolling interestsTotal equityshares authorizedshares issued and outstandingshares authorized.shares issued and outstandingshares x SDecember 31, 2018per share rounded to sa. Show the computation to derive the $12,189 thousand for common stock.b. At what average price has Reliable Storage issued its common stock?$$2,817.500c At what average price has the company issued its preferred shares? $12.1894.002.940(404,152)(44,842)$6.383.63517.675$6.401,310thousand on the balance sheet.d. The company reports Accumulated deficit of $(404,152). What would this account be called if the balance was positive rather than negative?

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Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) Preferred Shares. $0.01 par value 100,000,000 shares authorized 161,000 shares issued and outstanding Common Shares $0.07 par value, 650.000.000 shares authorized 174,130,881 shares issued and outstanding Paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Reliable Storage shareholders equity Noncontrolling interests Total equity shares x 5 December 31, 2018 per share rounded to s a. Show the computation to derive the $12,189 thousand for common stock. b. At what average price has Reliable Storage issued its common stock?$ $2,817.500 At what average price has the company issued its preferred shares? s 12.189 4.002.940 (404,152) (44,842) 56.383.635 17.675 $6,401,310 thousand on the balance sheet.

Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) Preferred Shares. $0.01 par value 100,000,000 shares authorized 161,000 shares issued and outstanding Common Shares $0.07 par value, 650.000.000 shares authorized 174,130,881 shares issued and outstanding Paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Reliable Storage shareholders equity Noncontrolling interests Total equity shares x 5 December 31, 2018 per share rounded to s a. Show the computation to derive the $12,189 thousand for common stock. b. At what average price has Reliable Storage issued its common stock?$ $2,817.500 At what average price has the company issued its preferred shares? s 12.189 4.002.940 (404,152) (44,842) 56.383.635 17.675 $6,401,310 thousand on the balance sheet.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...

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