What is the par value of the companys common stock

Assignment Help Financial Accounting

Reference no: EM13937632

Analyze equity section of balance sheet.

At December 31, 2006, Plasma Company reported the following on its comparative balance sheet (amounts in thousands).

	December 31, 2006	December 31, 2005
Common stock
Authorized: 1,200 shares
Issued: 950 shares at 2006 900 shares at 2005	$ 475	$ 450
Paid-in capital in excess of par	19,000	17,550
Retained earnings	45,500	31,300

Required

a. What is the par value of the company's common stock?

b. Did the company issue any new shares during the fiscal year ended December 31, 2006?

c. What was the approximate (average) issue price of the stock issued during the year?

d. Did Plasma Company earn net income (loss) during the year? Assuming no dividends were paid, how much was net income (loss)?

Reference no: EM13937632

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