Problem 10-4A Analyze the stockholders' equity section (LO10-7)[The following information applies to the questions displayed below.]The stockholders' equity section of Velcro World is presented here.VELCRO WORLDBalance Sheet (partial)($ and shares in thousands)Stockholders' equity:Preferred stock, $1 par valueCommon stock, $1 par valueAdditional paid-in capitalTotal paid-in capitalRetained earningsTreasury stock, 12,000 common shares5,80028,0001,028,6001,062,400286,000(360,000)Total stockholders' equity988,400Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts arepresented in thousands.Problem 10-4A Part 33. If the common shares were issued at $28 per share, at what average price per share were the preferred shares issued?Preferred shares issued priceper share

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Asked Oct 4, 2019
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Problem 10-4A Analyze the stockholders' equity section (LO10-7)
[The following information applies to the questions displayed below.]
The stockholders' equity section of Velcro World is presented here.
VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value
Common stock, $1 par value
Additional paid-in capital
Total paid-in capital
Retained earnings
Treasury stock, 12,000 common shares
5,800
28,000
1,028,600
1,062,400
286,000
(360,000)
Total stockholders' equity
988,400
Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are
presented in thousands.
Problem 10-4A Part 3
3. If the common shares were issued at $28 per share, at what average price per share were the preferred shares issued?
Preferred shares issued price
per share
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Problem 10-4A Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) Total stockholders' equity 988,400 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4A Part 3 3. If the common shares were issued at $28 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share

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