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Social ScienceRequired information[The following information applies to the questions displayed below.]The stockholders' equity section of Velcro World is presented here.VELCRO WORLDBalance Sheet (partial)in thousands)($ and shareStockholders' equity:Preferred stock, $1 par valueCommon stock, $1 par valueAdditional paid-in capitalTotal paid-in capitalRetained earningsTreasury stock, 12,000 common sharesTotal stockholders' equity4,60016,000401,000421,600274,000(216,000)$ 479,600Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amountsare presented in thousands.3. If the common shares were issued at $16 per share, at what average price per share were the preferred shares issued?Preferred shares issued priceper share
homework question 9
![Required information
[The following information applies to the questions displayed below.]
The stockholders' equity section of Velcro World is presented here.
VELCRO WORLD
Balance Sheet (partial)
in thousands)
($ 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 $16 per share, at what average price per share were the preferred shares issued?
Preferred shares issued price
per share](https://prod-qna-question-images.s3.amazonaws.com/qna-images/question/8aeb4c9c-8d33-4b47-954d-a4d3ce02aa40/e0208714-3938-439c-8c0c-039554d1d5ff/jqqxdif.png)
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Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) in thousands) ($ 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
Expert Answer
In case of issue of stock, the amount received over and above the face value is known as additional paid...
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