Solved

The Following Items Were Shown on the Balance Sheet of Easton

Question 271

Essay

The following items were shown on the balance sheet of Easton Corporation on December 31, 2018:
Stockholders' equity
Paid-in capital
Capital stock
Common stock, $10 par value, 400,000 shares
authorized; ______ shares issued and ______ outstanding $1,850,000
Additional paid-in capital The following items were shown on the balance sheet of Easton Corporation on December 31, 2018: Stockholders' equity Paid-in capital Capital stock Common stock, $10 par value, 400,000 shares authorized; ______ shares issued and ______ outstanding $1,850,000 Additional paid-in capital        Instructions Complete the following statements and show your computations. (a) The number of shares of common stock issued was _______________. (b) The number of shares of common stock outstanding was ____________. (c) The common stock was issued for a total of $____________. (d) The cost per share of the treasury stock was $_______________. (e) The average issue price of the common stock was $______________. (f) Assuming that 25% of the treasury stock is sold at $20 per share, the balance in the Treasury Stock account would be $_______________.
The following items were shown on the balance sheet of Easton Corporation on December 31, 2018: Stockholders' equity Paid-in capital Capital stock Common stock, $10 par value, 400,000 shares authorized; ______ shares issued and ______ outstanding $1,850,000 Additional paid-in capital        Instructions Complete the following statements and show your computations. (a) The number of shares of common stock issued was _______________. (b) The number of shares of common stock outstanding was ____________. (c) The common stock was issued for a total of $____________. (d) The cost per share of the treasury stock was $_______________. (e) The average issue price of the common stock was $______________. (f) Assuming that 25% of the treasury stock is sold at $20 per share, the balance in the Treasury Stock account would be $_______________.
Instructions
Complete the following statements and show your computations.
(a) The number of shares of common stock issued was _______________.
(b) The number of shares of common stock outstanding was ____________.
(c) The common stock was issued for a total of $____________.
(d) The cost per share of the treasury stock was $_______________.
(e) The average issue price of the common stock was $______________.
(f) Assuming that 25% of the treasury stock is sold at $20 per share, the balance in the Treasury Stock account would be $_______________.

Correct Answer:

verifed

Verified

(a) The number of shares of common stock...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents