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The Company provided the following stockholders' equity account balances at the end of the year: Common stock $3,000 Additional paid-in capital $537,000 Retained earnings $375,000 Treasury stock $51,000

The Company provided the following stockholders' equity account balances at the end of the year: Common stock $3,000 Additional paid-in capital $537,000 Retained earnings $375,000 Treasury stock $51,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Retained earnings $375,000 Treasury stock $51,000 Common stock has a par value of $0.05 per share and the company has 3,000 shares of treasury stock. Determine Total Stockholders' Equity: 3[Choose] 57,000 $9.00 How many shares of common stock were issued? $966,000 9,000 $915,000 How many shares of common stock are outstanding? $327,000 60,000 $17.00 The average cost per share of treasury stock was: 150 $864,000 $2,400.00 63 000
Transcribed Image Text:Retained earnings $375,000 Treasury stock $51,000 Common stock has a par value of $0.05 per share and the company has 3,000 shares of treasury stock. Determine Total Stockholders' Equity: 3[Choose] 57,000 $9.00 How many shares of common stock were issued? $966,000 9,000 $915,000 How many shares of common stock are outstanding? $327,000 60,000 $17.00 The average cost per share of treasury stock was: 150 $864,000 $2,400.00 63 000
The Company provided the following stockholders' equity account balances at the end of the year: Common stock $3,000 Additional paid-in capital $537,000 Retained earnings $375,000 Treasury stock $51,000 Common stock has a par value of $0.05 per share and the company has 3,000 shares of treasury stock Determine Total Stockholders' Equity: [ Choose ] [Choose ] How many shares of common stock were issued?
Transcribed Image Text:The Company provided the following stockholders' equity account balances at the end of the year: Common stock $3,000 Additional paid-in capital $537,000 Retained earnings $375,000 Treasury stock $51,000 Common stock has a par value of $0.05 per share and the company has 3,000 shares of treasury stock Determine Total Stockholders' Equity: [ Choose ] [Choose ] How many shares of common stock were issued?
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