Question

homework question 9

Required information
[The following information applies to the questions displayed below.]
The stockholders' equity section of Velcro World is presented here.
VELCRO WORLD
Balance Sheet (partial)
in thousands)
($ and share
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
Total stockholders' equity
4,600
16,000
401,000
421,600
274,000
(216,000)
$ 479,600
Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts
are presented in thousands.
3. If the common shares were issued at $16 per share, at what average price per share were the preferred shares issued?
Preferred shares issued price
per share
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Transcribed Image Text:Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) in thousands) ($ and share 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 Total stockholders' equity 4,600 16,000 401,000 421,600 274,000 (216,000) $ 479,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 3. If the common shares were issued at $16 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share
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