-> O ezto.mheducation.com/hm.tpx Problem 10 4A Analyze the stockholders\' equity

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-> O ezto.mheducation.com/hm.tpx Problem 10 4A Analyze the stockholders' equity section (LO IThe following information applies to the questions displayed below] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) $ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-In capital $ 5,700 27,000 964,200 Total paid-In capital Retalned earnings Treasury stock, 11,000 common shares 996,900 285,000 (319,000) Total stockholders' equity $ 962.900 Based on the stockholders' equity section of Velcro World, answer the following References Section Break Problem 10-4A Analyze the stockh equity section (LO10-7

Explanation / Answer

VELCRO WORLD 3) Total Paid in Capital $      996,900.00 Less: Paid in Capital for Equity shares(27000shares@27) $      729,000.00 Paid in capital excess of par for preference shares $      267,900.00 Preferred shares issued Price=($267900/5700) $                 47.00 4) Retained Earnings A/c Particular Amount Particular Amount To Dividend Paid $                 27.00 By bal B/d $ 247.00 By Bal c/d $              285.00 By Net Income during the year $    65.00 Total $              312.00 $ 312.00 Net Income for the year= $                 65.00 5) Treasury stock 11000 Shares 11000 Treasury Stock Price $      319,000.00 Average cost per shares of treasury Stock acquired=($319000/11000) $                 29.00 Average cost per shares of treasury stock= $                 29.00

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