Finding Missing Amounts (P11-1) At the end of the year, the records of Duo Corporation...
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Finding Missing Amounts (P11-1) At the end of the year, the records of Duo Corporation provided the following selected and incomplete data: Common stock: $1,500,000 ( $1 par value; no changes in account during the year). Shares authorized: 5,000,000. Shares issued: (all shares were issued at $80 per share). Shares held as treasury stock: 100,000 shares (repurchased at $60 per share). Net income: $4,800,000. Dividends declared and paid: $2 per share. Retained earnings beginning balance: $82,900,000. Required: 1. Answer the following: a. How many issued shares are there? b. How many outstanding shares are there? 2. page 617 What is the balance in the Additional Paid-in Capital account? 3. What is earnings per share (EPS)? 4. What was the total dividend paid during the year? 5. In what section of the balance sheet should treasury stock be reported? What is the amount of treasury stock that should be reported
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