Reconciling Common Stock and Treasury Stock Balances Following is the stockholde

Question

Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet.

$ 1,931,335

How many shares are outstanding at 2013 fiscal year-end?  

Stockholders' Equity (thousands, except par value amounts) February 2, 2013 January 28, 2012 Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at each of February 2, 2013, and January 28, 2012 $ 1,033 $ 1,033 Paid-in capital 403,271 369,171 Retained earnings 2,567,261 2,389,614 Accumulated other comprehensive income (loss),
net of tax (13,288) 6,291 Treasury stock at average cost: 24,855 and 17,662 shares at February 2, 2013 and
January 28, 2012, respectively (1,140,009) (834,774) Total shareholders' equity $ 1,818,268

$ 1,931,335

Explanation / Answer

No. of outstanding shares in 2013= 103300- 24855

= 78445 shares

No of shares issued = 103300 Treasury stock on Feb 2, 2013= 24855 shares

No. of outstanding shares in 2013= 103300- 24855

= 78445 shares

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