Reference no: EM133135465
Question - Following is the stockholder's equity section of Sun Soldering, Inc. at December 31, 2016:
Stockholders' Equity December 31, 2016
Common stock - $0.15 par value, authorized 600,000 shares $30,000
Additional paid-in capital 852,000
Retained earnings 80,000
Treasury stock - 5,000 shares (95,000)
Total stockholders' equity $867,000
Required -
a. Compute the number of shares that have been issued.
b. At what average issue price were the shares issued?
c. At what average cost were the treasury stock purchased?