Answered You can hire a professional tutor to get the answer.
Question 1 (6 points) The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 Alpha issued an additional 3,500...
The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 Alpha issued an additional 3,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $10,000 on January 1 and $15,000 on June 2 and net income was $124,700. Use this information to determine for December 31, 2017 the amount of:
a. Total Stockholders Equity
b. Earnings per Share (rounded to the nearest penny)
Beginning commonstockIssuePaid in capitalRetained earningsTotal equity 375001750025000124700204700 Ost shares 11000 EPS= 11.34