Persie Comapanys for $50 per share on the New York stock exchange, and its stockholders...
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Persie Comapanys for $50 per share on the New York stock exchange, and its stockholders equity on 12/31/x2 including the following
HW Problem 11.2 - Persie Company's common stock is currently selling for $50 per share on the New York Stock Exchange, and its stockholder's equity on 12/31/X2 includes the following. Common Stock - $ par value, 100,000 shares authorized, 50,000 issued and 40,000 outstanding ........ Paid in Capital in Excess of Par - Common .......... Preferred Stock 7% non-cumulative, $ par value, 20,000 shares authorized, 5,000 issued and outstanding .... Retained Earnings ...... $120,000 ....$550,000 . $80,000 .. $500,000 $1,280,000 . ($120,000) . $1,160,000 Less Treasury Stock ..... Total Shareholder's Equity... a. What is the par value of Persie Company's common stock? b. What is the par value of Persie Company's preferred stock?! c. How many shares of treasury stock does Persie hold? d. If Persie's treasury stock was acquired in a single transaction a few years back, what was the market value per share at that time
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