Find the amount of retained earnings at beginning of the

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Reference no: EM13472578

The financial statements for a company included the following information:



Common Stock

 



$1,750,000

 



Retained Earnings

 



$950,000

 



Net Income

 



$1,250,000

 



Shares Issued

 



110,000

 



Shares Outstanding

 



90,000

 



Dividends Declared and Paid

 



$900,000

 

The common stock was sold at a price of $30 per share.

Complete the following:

(a) What is the amount of capital in excess of par?

(b) What was the amount of retained earnings at the beginning of the year?

(c) How many shares are in treasury stock (Treasury shares)?

(d) Compute earnings per share

Reference no: EM13472578

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