- The Urban Outfitters Company had the following financialinformation on June 30,2018, the end of their fiscal year:
Preferred stock, 9%, $100par value,75,000 shares
authorized,____??___shares issued................. $4,000,000
Common stock, $15 parvalue, 2,500,000 shares
authorized; __??__shares issued and _??____
outstanding.................................. 9,000,000
Additional paid-incapital
Inexcess of parvalue-common................... 900,000
Retained Earnings.................................. 2,400,000
Treasury stock (5,000shares).............. 240,000
INSTRUCTIONS
Complete the following statements andshow your computations. (Show
computations)
- The number of shares of common stock outstanding was_______________.
- The total annual preferred stockdividend is_______________.
- The total Paid-In-Capitalis_____________________.
(d) The number of shares of preferredstock issued was __________.
(e) The average sales price per shareof the common stock when issuedwas
(f) The cost per share of the treasurystock was $_____________.
