Reference no: EM13571273
The following are selected accounts and balances from the records of Ganster Corporation on June 30, 2012. Common Stock, 105,000 shares authorized, 70,000 shares issued....$560,000
Paid-in Capital in Excess of Par Value-Common Stock.......................$550,000
Preferred Stock, $100 par value, 8.5%, 5,000 shares authorized.......$150,000
Retained Earnings........................................................................$875,000
Treasury Stock (20,000 common shares).......................... ............$200,000
Paid-in Capital in Excess of Par Value-Preferred Stock......................$140,000
a. What is the par value per share of Common Stock? $8
b. How many shares of Common Stock are outstanding? 50,000
c. How many shares of Preferred Stock are issued? 1,500
d. What was the average issuance price of Common Stock? $15.86
e. What was the average purchase price of Common Stock held for the treasury?
f. What is the total value of Paid-in Capital? g. What is the total value of Stockholders' Equity?