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The Urban Outfitters Company had the following financial information on June 30, 2016, the end of their fiscal year:
1. The Urban Outfitters Company had the following financial information on June 30,
2016, the end of their fiscal year:
Preferred stock, 9%, $100 par value,75,000 shares
authorized, ____??___shares issued................. $4,000,000
Common stock, $20 par value, 1,500,000 shares
authorized; __??__ shares issued and _??____
outstanding .................................. 10,000,000
Additional paid-in capital
In excess of par value-common................... 800,000
Retained Earnings .................................. 2,500,000
Treasury stock (6,000 shares).............. 240,000
INSTRUCTIONS
Complete the following statements and show your computations. (Show
computations)
(a) The number of shares of common stock outstanding was _______________.
(b) The total annual preferred stock dividend is_______________.
(c) The total Paid-In-Capital is_____________________.
(d) The number of shares of preferred stock issued was __________.
(e) The average sales price per share of the common stock when issued was
$__________.
(f) The cost per share of the treasury stock was $_____________.
