The stockholders’ equity section on the balance sheet of Dillard’s, a popular de

Question

The stockholders’ equity section on the balance sheet of Dillard’s, a popular department store, is shown below. The company reported a net loss of $241,165,000 and declared and paid dividends of
$11,900,000 in 2009.

     

      

Calculate the value of common stock, class A at par value for 2009? (Enter your answer in thousands. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)

    

     

Calculate the number of shares of common stock, class A outstanding in 2008 and in 2009?

   

     

Calculate the value of retained earnings for 2008? (Enter your answers in thousands. Omit the "$" sign in your response.)

   

  

At the end of 2009, have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much? (Input the amount as positive value. Enter your answer in thousands. Omit the "$" sign in your response.)

     

    

By how much the treasury stock transactions increased (decreased) stockholders’ equity during 2009? (Input thre amount as positive value. Enter your answer in thousands. Omit the "$" sign in your response.)

      

     

How much did the treasury stock held cost per share? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

       

  

The stockholders’ equity section on the balance sheet of Dillard’s, a popular department store, is shown below. The company reported a net loss of $241,165,000 and declared and paid dividends of
$11,900,000 in 2009.

Explanation / Answer

Ans-

                                                                                                                                                                                                                                  1 Calculate the value of common stock, class A at par value for 2009 1166+1165              2,331                                                                                                                                                                                                                                   2 Calculate the number of shares of common stock, class A outstanding in 2008 and in 2009              2,008              2,009 No. of shares 116,630,308 233,225,803                                                                                                                                                                                                                                   3 Calculate the value of retained earnings for 2008 Retained earning at 2009       2,597,727 Add - Net loss   241,165,000 Add- declared and paid dividends       11,900,000                                                                                                                                                                                                                            2,008 255,662,727                                                                                                                                                                                                                                   4 At the end of 2009, have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much                                                                                                                                                                                                                            2,009          961,021                                                                                                                                                                                                                            2,008          930,560 Decreased corporate resources by buying treasury shares            30,461

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