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

Exercise 81

Finding Missing Amounts
At December 31, 2013, the records of Kozmetsky Corporation 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)L Assume instead that a 100 percent stock dividend was declared and issued after the treasury stock had been acquired, when the market price of the common stock was $10. Explain how stockholders' equity will change.