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Exercise - Stock Terminology

The stockholders' equity section of Lester Company's balance sheet follows:

Required:

a. How many shares of common stock are authorized, issued, and outstanding?

Shares of common stock authorized
Shares of common stock issued
Less: Treasury stock shares
Shares of common stock outstanding

b. What is the par value per share of the common stock?

c. How much in total capital has Lester received from the issuance of stock?

d. What is the average cost of a share of treasury stock?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92592111
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