What is the amount of capital in excess of par and what was, Ask an Expert

Accounting

The financial statements for a company included the following information:

Common Stock	$1,750,000
Retained Earnings	$950,000
Net Income	$1,250,000
Shares Issues	110,000
Shares Outstanding	90,000
Dividends Declared and Paid	$900,000

The common stock was sold at a price of $30 per share.

Complete the following:

(a) What is the amount of capital in excess of par?

(b) What was the amount of retained earnings at the beginning of the year?

(d) Compute earnings per share.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9465640

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