Reference no: EM131294907
Following is the Stockholders' Equity section of a recent Balance Sheet of XYZ Company.
Stockholders' Equity:
Common Stock, $10 par value, authorized shares, --- 1,000,000, issued shares --- 800,000 shares $8,000,000
Capital in Excess of Par $32,000,000
Retained Earnings $1,000,000
Common Stock in Treasury, at cost ---- 100,000 shares ($5,000,000)
Total Stockholders' Equity $36,000.000
a) What was the average issue price for the Common Shares issued?
b) How many Common Shares are outstanding at the end of the year?
c) What was the average cost at which the Treasury Stock was purchased?
d) Can you determine the current Market Value of the Common Stock from the above Balance Sheet?
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