Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 87

Finding Missing Amounts
At December 31, 2013, the records of Seacrest Enterprises provided the following selected and incomplete data:

Required:
1. Complete the following:
Shares issued ________.
Shares outstanding _________.
2. The balance in Additional Paid-in Capital would be $ _____.
3. Earnings per share is $ ________ Round your answer to two decimal places.
4. Total dividends paid on common stock during 2013 is $ _______.
5. Treasury stock should be reported in the stockholders' equity section of the balance sheet in the amount of $ _________.
6. Assume that the board of directors voted a 2-for-l stock split. After the stock split, the par value per share will be $ ___________.
7. Disregard the stock split (assumed above). Assume instead that a 100 percent stock dividend was declared and issued after the treasury stock had been acquired, when the stock price of the common stock was S21. Compute the dollar amount at which to record the stock dividend.