What was the average repurchase price

Reference no: EM131414366

The shareholders' equity section of Buzytown Industries' balance sheet reports the following:

REQUIRED:

a. How many shares of preferred stock were issued during 2012? What was the average issue price?

b. How many shares of common stock were issued during 2012? What was the average issue price?

c. Prepare the entry to record the repurchase of the company's own stock during 2012. What was the average repurchase price?

d. Assume that the treasury shares were purchased on the last day of 2012. Did the purchase increase or decrease the book value of the outstanding shares? By how much?

Reference no: EM131414366

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