FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Required: 5.  The average per-share sales price of the common stock when issue $? per share 6.  The cost of the treasury stock per share $? per share 7.  The total stockholders' equity $? 8.  The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value $? per share
Analysis of Stockholders' Equity
The Stockholders' Equity section of the December
31, 2017, balance sheet of Eldon Company appeared
as follows:
Preferred stock, $50 par value, 5,000 $275,000
shares
authorized,? shares issued
Common stock, ? par, 10,000 shares 80,000
authorized,
8,000 shares issued
Additional paid-in capital-Preferred
Additional paid-in capital-Common
Additional paid-in capital-Treasury
stock
Total contributed capital
Retained earnings
43,000
Treasury stock, preferred, 200 shares (6,800)
Total stockholders' equity
$?
8,800
480,000
1,600
$845,400
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Transcribed Image Text:Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows: Preferred stock, $50 par value, 5,000 $275,000 shares authorized,? shares issued Common stock, ? par, 10,000 shares 80,000 authorized, 8,000 shares issued Additional paid-in capital-Preferred Additional paid-in capital-Common Additional paid-in capital-Treasury stock Total contributed capital Retained earnings 43,000 Treasury stock, preferred, 200 shares (6,800) Total stockholders' equity $? 8,800 480,000 1,600 $845,400
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