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How many shares of treasury stock are owned

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Question - Bee Company has the following stockholders' equity account balances in stockholders' equity on December 31.

Common Stock, $5 par (60,000 shares issued) $300,000

Paid-In Capital in Excess of Par-Common Stock 600,000

Preferred Stock, $100 par (5,000 shares issued) 500,000

Paid-In Capital in Excess of Par-Preferred Stock 100,000

Retained Earnings 200,000

Treasury Stock (cost, $12 per share) 60,000

Required -

(a) How many shares of treasury stock are owned?

(b) What was the average market price per share at which common stock was issued?

(c) What was the average market price per share at which preferred stock was issued?

(d) What is the total value of the paid-in capital portion of stockholders' equity?

(e) What is the total value of stockholders' equity?

(f) How many shares of common stock are outstanding?

Reference no: EM132559792

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