Question

riverside in reported the following shareholder equity accounts at the end of 2017

preferred stock 20 shares issued 40

common stock, $1 par 50

additonal paid in capital common stock 100

retained earnings 35

treasury stock, 5 shares of common stock 30

-the par value and selling price per share of preferred stock was

-the sales price per share of common stock was

-the number of outstanding common shares is

-the cost for each share of treasury stock was

-total shareholders equity

Answer 1

Par value and selling price of preferred stock ($40/20)	$ 2
Sales price price per common stock ($50+$100)/50)	$ 3
The number of outstanding common shares ($50/$1)	50
the cost for each share of treasury stock ($30/5)	$ 6

Preferred stock	$    40
Common stock	$    50
Additional paid in capital	$ 100
Retained earnings	$    35
Less: Treasury stock	$ (30)
Total shareholders equity	$ 195

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