Reference no: EM132935286
The stockholders' equity section of Velcro World is presented here.
VELCRO WORLD Balance Sheet (partial)($ and shares in thousands) Stockholders' equity:
Preferred stock, $1 par value$5,100
Common stock, $1 par value 21,000
Additional paid-in capital 624,000
Total paid-in capital 650,100
Retained earnings 279,000
Treasury stock, 11,000 common shares (253,000)
Total stockholders' equity$676,100
Problem 1: Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.