Homework Answers
Answer
· Requirements asked
|
A |
Average issue price per share |
$5.19 |
$4000000/770000 shares issued |
|
B |
Common Stock at stated value (770000 issued x $ 1) |
$770,000 |
|
|
Additional paid in capital ($4000000 - 770000) |
$3,230,000 |
||
|
Total Paid in Capital |
$4,000,000 |
||
|
C |
Total Cash dividend (740000 shares outstanding x $ 0.18) |
$133,200 |
|
|
D |
Difference between issued shares & outstanding shares |
Treasury Shares (30000 shares) |
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I was able to calculate everything except the Additional
Capital. Can someone please help me? Please show me how you came up
with the answer as well so I can understand how to do future
problems, please.
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Apr 1 Issued 8000 additional shares of common stock for $10
per share.
June 15 Declared a cash dividend of $2 per share to
stockholders of record on June 30.
July 10 Paid the $2. cash dividend.
Dec 1 Issued 3000 additional shares of commin stock for $12
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