The stockholders equity section on the balance sheet of Dillards, a popular department store, is...
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Accounting
The stockholders equity section on the balance sheet of Dillards, a popular department store, is shown below. The company reported a net income of $241,185,000 and declared and paid dividends of $11,901,000 in 2012.
Stockholders Equity (in thousands):
2012
2011
Common stock, Class A116,620,308 and 116,605,495 shares issued; ? and ? shares outstanding
?
1,166
Common stock, Class B (convertible)4,200,929 shares issued and outstanding
42
42
Additional paid-in capital
775,055
786,987
Retained earnings
2,497,727
?
Less treasury stock, at cost, Class A47,216,748 and 45,420,148 shares
(950,021
)
(943,560
)
Required:
1.
Calculate the value of common stock, class A at par value for 2012? (Enter your answer in thousands.)
At the end of 2012, have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much? (Enter the amount as positive value. Enter your answer in thousands.)
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