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Arealbot
Arealbot
18.11.2020 • 
Business

Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid dividends of $10,002,000. Stockholders’ Equity: Current Year Last Year Common stock, Class A—118,529,925 and 117,706,523 shares issued; ? and ? shares outstanding $ 118,530 $ 117,707 Common stock, Class B (convertible)—4,010,929 shares issued and outstanding 40,000 40,000 Additional paid-in capital 828,796,000 805,422,000 Retained earnings 3,107,344,000 ? Less treasury stock, at cost, Class A—73,099,319 and 61,740,439 shares (1,846,312,000 ) (1,355,526,000 ) Required: 1. What is the par value of Dillard's Class A common stock? 2. How many shares of Class A Common Stock were outstanding at the end of last year and the end of the current year? 3. What amount was reported in the Retained Earnings account at the end of last year? 4. How is the dollar amount in the treasury stock account at the end of the current year reflected on the asset side of the balance sheet? 5. During the current year, by what amount did treasury stock transactions increase or decrease stockholders' equity? 6. At the end of the current year, what was the average price paid per share for shares held in treasury stock?

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