How many shares of common stock were issued

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Reference no: EM131023484

The shareholders equity section of Valade Corp’s balance sheet is:

	2006	2005
Preferred stock (8%, $50 par value)	$300,000	$150,000
Common stock ($10 par value, 80,000 shares
Authorized, 80,000 shares issued ,	10,000
Shares treasury	800,000	650,000
Additional paid in capital
Preferred stock	200,000	175,000
Common stock	525,000	300,000
Retained earnings	679,000	505,000
Less: Treasury stock	150,000
Total shareholders equity	$2,654,000	$1,780,000

a. how many shares of common stock were issued during 2006? What was there average issue price?

b. how many shares of preferred stock were issued during 2006? What was their average issue price?

c. give the entry for the company’s purchase of treasury stock. What was the average repurchase price?

d. what was the company’s book value at the end of 2005?2006?The shareholders equity section of Valade Corp’s balance sheet is:

Reference no: EM131023484

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