Solution-Compute the number of shares that have been issued

Compute the number of shares that have been issued

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Reference no: EM133135465

Question - Following is the stockholder's equity section of Sun Soldering, Inc. at December 31, 2016:

Stockholders' Equity December 31, 2016

Common stock - $0.15 par value, authorized 600,000 shares $30,000

Additional paid-in capital 852,000

Retained earnings 80,000

Treasury stock - 5,000 shares (95,000)

Total stockholders' equity $867,000

Required -

a. Compute the number of shares that have been issued.

b. At what average issue price were the shares issued?

c. At what average cost were the treasury stock purchased?

Reference no: EM133135465

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Compute the number of shares that have been issued

Reference no: EM133135465

Reference no: EM133135465

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