Business
Business, 25.04.2020 00:49, maddie1776

At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data:

Common stock (par $2; no changes during the current year).
Shares authorized, 5,000,000.
Shares issued, ? ; issue price $7 per share.
Shares held as treasury stock, 11,100 shares, cost $5 per share.
Net income for the current year, $462,820.
Common Stock account, $149,000.
Dividends declared and paid during the current year, $2 per share.
Retained Earnings balance, beginning of year, $790,000.

1. shares issued:

shares outstanding:

2. the balance in additional paid-in capital would be:

3. earning per share is:

4. total dividends paid on common stock during the current year is:

5. treasury stock should be reported in the stockholders equity section of the balance sheet in the amount of:

6. assume that the board of directors voted a 2 for 1stock split, the par value per share will be:

answer
Answers: 1

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At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete d...

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