I have having trouble working problem E6 in Chapter 11 of Financial Accounting b
ID: 2385576 • Letter: I
Question
I have having trouble working problem E6 in Chapter 11 of Financial Accounting by Libby. It is asking to find the class A common stock par value for 2009, given additional paid-in capital, Retained Earnings, and less treasury stock
Edit:
E11-6
Finding Amounts Missing from the Stockholder's Equity Section
Required:
Completed the following statements and show your computations/
1. Common Stock, Class A at par value for 2009 was _______.
2. The number of shares of common stock outstanding was _______ in 2008 and _______ in 2009.
3. Retained earnings for 2008 was _______.
4. At the end of 2009, have the treasury stock transactions (a) increased corporate resources or (b) decreased resources? _______; By how much? _______
5. During 2009, the treasury stock transactions increased (decreased) stockholders' equity by ______.
6. How much did the treasury stock cost per share? $_______
Explanation / Answer
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