Finding amounts missing from the stockholders equity

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Reference no: EM13597364

Finding Amounts Missing from the Stockholders' Equity Section The stockholders' equity section on the December 31, 2009, balance sheet of Chemfast Corpo-ration reported the following amounts: Contributed Capital Preferred Stock ( par $ 20; authorized 10,000 shares, ? issued, of which 500 shares are held as treasury stock) $ 104,000 Additional Paid- in Capital, Preferred 14,300 Common Stock ( no- par; authorized 20,000 shares, issued and outstanding 8,000 shares) 600,000 Retained Earnings 30,000 Preferred Treasury Stock, 500 shares at cost 9,500 Assume that no shares of treasury stock have been sold in the past.

Required: Complete the following statements and show your computations.

1. The number of shares of preferred stock issued was .
2. The number of shares of preferred stock outstanding was .
3. The average issue price of the preferred stock was $ per share.
4. The average issue price of the common stock was $ .
5. The treasury stock transaction increased ( decreased) stockholders' equity by .
6. The treasury stock cost $ per share?
7. Total stockholders' equity is $ .

Reference no: EM13597364

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