Business
Business, 05.05.2020 19:21, rwerjekrryery6750

He stockholders' equity section on the December 31, 2009, balance sheet of Chemfast Corporation reported the following amounts:

Contributed Capital
Preferred Stock (par $21; authorized 8,500 shares, ? issued, of which 600 shares are held as treasury stock) $ 165,900
Additional Paid-in Capital, Preferred 15,400
Common Stock (no-par; authorized 20,000 shares, issued and outstanding 10,000 shares)

590,000
Retained Earnings 26,000
Preferred Treasury Stock, 600 shares at cost 6,300
Assume that no shares of treasury stock have been sold in the past.

Required:
Complete the following statements. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

1. The number of shares of preferred stock issued was .
2. The number of shares of preferred stock outstanding was .
3. The average issue price of the preferred stock was $ per share.
4. The average issue price of the common stock was $ .
5. The treasury stock transaction decrease stockholders' equity by $ .
6. The treasury stock cost $ per share.
7. Total stockholders' equity is $ .

answer
Answers: 2

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