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Problem - Reporting Stockholders Equity

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Problem - Reporting Stockholders' Equity

The financial statements for Vetco Publications Corporation included the following selected information:

Common stock $1,900,000

Retained earnings $800,000

Net income $1,200,000

Shares issued 95,000

Shares outstanding 80,000

Dividends declared and paid $1,000,000

The common stock was sold at a price of $22 per share.

Required -

1. What is the amount of capital in excess of par?

2. What was the amount of retained earnings at the beginning of the year?

3. How many shares are in treasury stock?

4. Compute earnings per share.

Reference no: EM132489142

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