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

Exercise 41

Finding Amounts Missing from the Stockholders' Equity Section
The stockholders' equity section on the December 31, 2012, balance sheet of Chemfast Corporation reported the following amounts:

Assume that no shares of treasury stock have been sold in the past.
Required:
Complete the following statements and show your computations.
1. The number of shares of preferred stock issued was _________.
2. The number -of shares of preferred stock outstanding was _________.
3. The average issue price of the preferred stock was $ _________ per share.
4. The average issue price of the common stock was $ _________.
5. The treasury stock transaction increased (decreased) stockholders' equity by _______.
6. The treasury stock cost $ ______ per share.
7. Total stockholders' equity is $ ______.