Solution-At what average price company issued its preferred

At what average price company issued its preferred shares

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Reference no: EM132820208

Problem - Analyzing and Computing Issue Price and Shares Outstanding

Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet.

(in thousands, except share data) December 31, 2018
Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 161,000 shares issued and outstanding	$3,220,000
Common Shares, $0,10 par value, 650,000,000 shares authorized, 174,130,881 shares issued and outstanding	13,930
Paid-in capital	4,574,788
Accumulated deficit	(461,888)
Accumulated other comprehensive loss	(51,248)
Total Reliable Storage shareholders' equity	$7,295,582
Noncontrolling interests	20,200
Total equity	$7,315,782

a. Show the computation to derive the $13,930 thousand for common stock.

b. At what average price has Reliable Storage issued its common stock?

c. At what average price has the company issued its preferred shares?

Reference no: EM132820208

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At what average price company issued its preferred shares

Reference no: EM132820208

Reference no: EM132820208

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