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Common stock, $1 par, 100 shares authorized 30 Additional paid-in-capital, common stock 90 Retained earnings
Common stock, $1 par, 100 shares authorized 30
Additional paid-in-capital, common stock 90
Retained earnings 50
Treasury stock, 5 shares of common 30
Required: Fill in the blanks for the following:
1. Total contributed capital is $________.
2. Total shareholders’ equity is $________.
3. The number of common shares issued was ________.
4. The average selling price per common share was $________.
5. The number of common shares outstanding is ________.
6. The purchase price (cost) of a share of treasury stock was $________.
