Calculate the average sale price of the preferred stock

Reference no: EM13601671

The stockholders' equity section on the December 31, 2011, balance sheet of American Corporation follows: Stockholders' Equity

Contributed capital
Preferred stock par $24; authorized 13,000 shares,? issued, of which 800 shares
are held as treasury stock) $ 168,000
Common stock720,000
Contributed capital 17,100
Retained earnings 49,000
Cost of treasury stock, preferred

Required:

3.Calculate the average sale price of the preferred stock when issued? (Omit the "tiny_mce_markerquot; sign in your response.)Sales price per share $

4.Have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much? (Input the amount as positive value. Omit the "tiny_mce_markerquot; sign in your response.)by $

5.By how much the treasury stock transactions increased (decreased) stockholders' equity? (Input the amount as positive value. Omit the "tiny_mce_markerquot; sign in your response.)by $

6.How much did the preferred treasury stock held cost per share? (Omit the "tiny_mce_markerquot; sign in your response.)Cost per share $

7.Calculate the value of total stockholders' equity? (Omit the "tiny_mce_markerquot; sign in your response.)Total stockholders' equity $

8.Calculate the average issue price of the common stock? (Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13601671

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