Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 44

Interpreting a Statement of Stockholders' Equity
The following information has been excerpted from the statement of stockholders' equity included in a recent annual report of Thompson Supply Company.Dollar figures are in millions.)

Instructions
Use the information about Thompson Supply to answer the following questions.
a.ow many shares of common stock are outstanding at the beginning of the year At the end of the year
b.hat was the total common stock dividend declared during the presented year Thompson's annual report disclosed that the common stock dividend during that year was $1.23 per share.pproximately how many shares of common stock were entitled to the $1.23 per share dividend during the year Is this answer compatible with your answers in part a
c.he statement presented indicates that common stock was both issued and repurchased during the year, yet the number of common shares shown and the common stock amount (first and second columns) did not change from the beginning to the end of the year.xplain.
d.hat was the average price per share Thompson paid to acquire the treasury shares held at the beginning of the year
e.as the aggregate issue price of the 601,300 treasury shares issued during the year for stock option plans higher or lower than the cost Thompson paid to acquire those treasury shares (Hint: Analyze the impact on Additional Paid-in Capital.)
f.hat was the average purchase price, per share paid by Thompson to acquire treasury shares during the current year!
g.n its annual report, Thompson disclosed that the (weighted) average number of common sharps outstanding during the year was 77,500,000.n part a above, you determined the num­ber of common shares outstanding as of the end of the year.hich figure is used in computing earnings per share Which is used in computing book value per share