What was the purchase price per share

Assignment Help Accounting Basics

Reference no: EM131975756

Problem

Shown below is information relating to the stockholders' equity of Clydesdale Corporation at December 31, 2015:

4% cumulative preferred stock, $80 par,100,000 shares authorized, 20,000 shares issued $ 1,600,000
Common stock, $2.50 par, 1,000,000 shares authorized, 600,000 shares issued (of which 8,000 are held in treasury) 1,500,000
Additional paid-in capital: preferred stock 800,000
Additional paid-in capital: common stock 900,000
Treasury stock (8,000 common shares) (192,000 )
Retained earnings 1,825,000

If Clydesdale Corporation had reacquired the 8,000 shares of treasury stock early in 2018, what was the purchase price per share?

Reference no: EM131975756

Questions Cloud

Compounded annually : $10,000 to be received in 10 years at 8% compounded annually?

The cash-to-cash operating cycle is number of days sales : hat numerators are used in the computation of the following ratios? The cash-to-cash operating cycle is the number of days' sales in:

The most recent dividend paid by company : The most recent dividend paid by a company was $1.25. If the stock currently sells for $32.50 per share, what is the required return

Articulate the impact using appropriate terminology : What impact will your proposal have on the organization’s financial statements? Articulate the impact using appropriate terminology.

What was the purchase price per share : If Clydesdale Corporation had reacquired the 8,000 shares of treasury stock early in 2018, what was the purchase price per share?

Jit inventory management approaches : Why might JIT inventory management approaches not be sustainable from an environmental perspective?

Calculate abc companys budgeted sales in january : Shown below are the budgeted sales for ABC Company for the first five months of 2020. Calculate ABC Company's budgeted sales in January.

Calculate the upfront amount that she would receive : If the lottery company had another option where she could get an upfront amount now and another $7,000 in one year, calculate the upfront amount

Federal government employees the right to join unions : Which piece of legislation permitted for the first time federal government employees the right to join unions?

User Account

All Pages