Reconciling Common Stock and Treasury Stock Balances
Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet.
Shareholders' Equity
thousands except par value amounts January January
Class A common stock$ par value: shares authorized and shares issues at January and January respectively $ $
Retained earnings
Accumulated other comprehensive loss,net of tax
Treasury stock at average cost: and shares at January andJanuary respectively
Total shareholders' equity $ $
a How many shares are issued at January
Answer
thousand
b How many shares are outstanding at fiscal year end?
Answer
thousand shares outstanding
c Determine the average price at which Abercrombie & Fitch issued its common stock. Round your answer to two decimal places.
$Answer
d Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. Round your answer to two decimal places.
$Answer
