Reconciling Common Stock and Treasury Stock Balances Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Shareholders' Equity (thousands, except par value amounts) January 28, 2012 January 29, 2011 Class A common stock-$0.01 par value: 150,000 shares authorized and 101,900 shares issues at January 28, 2012, and January 29, 2011, respectively $320,470 $290,751 Paid-in capital 319,451 289,732 Retained earnings 2,051,463 1,646,290 Accumulated other comprehensive income (loss), net of tax 7,118 (994) Treasury stock at average cost: 18,141 and 14,999 shares at January 28, 2012 andJanuary 29, 2011, respectively (760,752) (530,764) Total shareholders' equity $ 1,618,299 $ 1,405,283 (a) How many shares are issued at January 28, 2012? Answer    thousand (b) How many shares are outstanding at January 28, 2012? Answer    thousand shares outstanding  (c) Determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.) $Answer   (d) Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. (Round your answer to two decimal places.) $Answer

Question

Reconciling Common Stock and Treasury Stock Balances
Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet.

Shareholders' Equity (thousands, except par value amounts) January 28, 2012 January 29, 2011
Class A common stock-$0.01 par value: 150,000 shares authorized and 101,900 shares issues at January 28, 2012, and January 29, 2011, respectively $320,470 $290,751
Paid-in capital 319,451 289,732
Retained earnings 2,051,463 1,646,290
Accumulated other comprehensive income (loss), net of tax 7,118 (994)
Treasury stock at average cost: 18,141 and 14,999 shares at January 28, 2012 andJanuary 29, 2011, respectively (760,752) (530,764)
Total shareholders' equity $ 1,618,299 $ 1,405,283



(a) How many shares are issued at January 28, 2012?
Answer

 

 thousand

(b) How many shares are outstanding at January 28, 2012?
Answer

 

 thousand shares outstanding 

(c) Determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.)
$Answer

 



(d) Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. (Round your answer to two decimal places.)
$Answer

 

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