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The stockholders’ equity section of the balance sheet for Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 6,000 Common stock, $1 par value 30,000 Additional paid-in capital 1,164,000 Total paid-in capital 1,200,000 Retained earnings 288,000 Treasury stock, 11,000 common shares (352,000) Total stockholders' equity $ 1,136,000 Based on the stockholders’ equity section of the balance sheet for Velcro World, answer the following questions. Remember that all amounts are presented in thousands.   3. If the common shares were issued at $30 per share, at what average price per share were the preferred shares issued?

The stockholders’ equity section of the balance sheet for Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 6,000 Common stock, $1 par value 30,000 Additional paid-in capital 1,164,000 Total paid-in capital 1,200,000 Retained earnings 288,000 Treasury stock, 11,000 common shares (352,000) Total stockholders' equity $ 1,136,000 Based on the stockholders’ equity section of the balance sheet for Velcro World, answer the following questions. Remember that all amounts are presented in thousands.   3. If the common shares were issued at $30 per share, at what average price per share were the preferred shares issued?

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 3R: Chen Corporation began 2012 with the following stockholders equity balances: The following selected...
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The stockholders’ equity section of the balance sheet for Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 6,000 Common stock, $1 par value 30,000 Additional paid-in capital 1,164,000 Total paid-in capital 1,200,000 Retained earnings 288,000 Treasury stock, 11,000 common shares (352,000) Total stockholders' equity $ 1,136,000 Based on the stockholders’ equity section of the balance sheet for Velcro World, answer the following questions. Remember that all amounts are presented in thousands.

 

3. If the common shares were issued at $30 per share, at what average price per share were the preferred shares issued?

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