edited PB11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5) At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 10,000,000. Shares issued, 2 issue price $12 per share. Shares held as treasury stock, 49,000 shares, cost $13 per share. Net Income for the current year, $1,312,900 Common Stock account, $740,000. Dividends declared and paid during the current year. $1 per share. Retained Earnings balance, beginning of year, $36,300,000. Required: Complete the following: (Round per share to 2 decimal places.) 1-a Shares issued 1-b Shares outstanding 2. The balance in Additional Paid-in Capital would be 3 Eamings per share is 4 Total dividends paid on common stock during the current year is 5 Treasury stock should be reported in the stockholders equity section of the balance sheet in the amount of
edited PB11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5) At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 10,000,000. Shares issued, 2 issue price $12 per share. Shares held as treasury stock, 49,000 shares, cost $13 per share. Net Income for the current year, $1,312,900 Common Stock account, $740,000. Dividends declared and paid during the current year. $1 per share. Retained Earnings balance, beginning of year, $36,300,000. Required: Complete the following: (Round per share to 2 decimal places.) 1-a Shares issued 1-b Shares outstanding 2. The balance in Additional Paid-in Capital would be 3 Eamings per share is 4 Total dividends paid on common stock during the current year is 5 Treasury stock should be reported in the stockholders equity section of the balance sheet in the amount of
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.24E
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