Question

At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 10,000,000. Shares issued, ? ; issue price $12 per share. Shares held as treasury stock, 49,000 shares, cost $13 per share. Net income for the current year, $1,312,900 Common Stock account, $740,000. Dividends declared and paid during the current year, $1 per share. Retained Earnings balance, beginning of year, $36,300,000

Required:

Complete the following: (Round per share to 2 decimal places.)

shares issued

shares outstanding

the balance in additional paid capital would be?

earning per share

total dividend paid in common stock

treasury stock should be reported in the stockholders equity section of the balance sheet and be?

assume that the board of directors voted for a 2 for 1 stock split. After the split the par value was what?

Answer 1