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Katarina [22]
3 years ago
15

Use the following information to answer the next 3 questions:

Business
1 answer:
adelina 88 [10]3 years ago
4 0

Answer:

Check the following calculations

Explanation:

Answer [a]

Preferred stock shares issued and outstanding = $ 105,000 / $ 50 par value = 2,100 shares

Answer [b]

Common Stock shares outstanding = Total issued – Treasury stock shares

= ($40000 / $4 par) – 4000 shares

= 10000 – 4000

= 6,000 shares

Answer [c]

Cost of Treasury shares = $ 15000 / 4000 shares = $ 3.75

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2015  1  1  1  1  1  5             *  3000  15000

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Jim         3          

Paul  4          

Nancy  5          

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