Required information Problem 10-4B Analyze the stockholders' equity section (LO10-7) [The following information applies to...
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Required information Problem 10-4B Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings 12,000 21,600 33,600 45,000 (2,100) Treasury stock $76,500 Total stockholders' equity Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4B Part 1 Required: 1. How many shares of preferred stock have been issued? (Enter your answer in total number of shares, not in thousands.) Number of shares Required information Problem 10-4B Analyze the stockholders' equity section (L010-7) [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings 12,000 21,600 33,600 45,000 (2,100) Treasury stock $76,500 Total stockholders' equity Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4B Part 2 2. How many shares of common stock have been issued? (Enter your answer in total number of shares, not in thousands.) Number of shares Required information Problem 10-4B Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings 2$ 12,000 21,600 33,600 45,000 (2,100) Treasury stock Total stockholders' equity $76,500 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4B Part 3 3. Total paid-in capital is $33.60 million. At what average price per share were the common shares issued? per share Common share issued
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