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Contributed capitalPreferred stock (par $20; authorized 10,000 shares. ? issued, of which500 shares are held as treasury stock) $100,000Common stock (no-par; authorized 20,000 shares, issuedand outstanding 8,000 shares) 600,000Contributed capital (includeds $1,500 from treasurystock transactions) 16,500Retained earnings 34,000Cost of treasury stock, preferred (9,000)
Required:1. The number of shares of preferred stock issue was?2.The number of shares of preferred stock outstanding was?3. The avg sale price of the preferred stock when issued was ? per share4.Have the treasury stock transactions (a) increased corporate resources or (b) decreased resources? By how much?5. The treasury stock transactions increased (decreased) stockholders equity by?6. How much did the treasury stock held cost per share?7. Total stockholders equity is?8. The avearage issue price of the common stock was?
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Make sure to address the following: short-term viability, short-term growth, cash flow, working capital, efficiency, and liquidity.
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master chef appliance company manufactures home kitchen appliances. the manufacturing process includes stamping final
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