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Prepare stockholders equity section of balance sheet

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Reference no: EM132419716

Common stock ($16 par value; 109,000 shares authorized, 39,000

shares issued,------ 37,000

shares outstanding)-------$624,000  

Additional paid-in capital ------172,000  

Dividends declared and paid during the year ------20,000  

Retained earnings at the beginning of the year----- 80,000  

Treasury stock at cost (2,000 shares)----- (41,000)

Net income for the year was $47,000. The stock price is currently $22.89 per share.

Required:

Question A: Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year

Question B: Compute and evaluate the dividend yield ratio.

Question C: Determine the number of shares of stock that received dividends.

Reference no: EM132419716

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