The Following Items Were Shown on the Balance Sheet of Easton

question 6

Essay

The following items were shown on the balance sheet of Easton Corporation on December 31, 2018:
Stockholders' equity
Paid-in capital
Capital stock
Common stock, $10 par value, 400,000 shares
authorized; ______ shares issued and ______ outstanding $1,850,000
Additional paid-in capital

Instructions
Complete the following statements and show your computations.
(a) The number of shares of common stock issued was _______________.
(b) The number of shares of common stock outstanding was ____________.
(c) The common stock was issued for a total of $____________.
(d) The cost per share of the treasury stock was $_______________.
(e) The average issue price of the common stock was $______________.
(f) Assuming that 25% of the treasury stock is sold at $20 per share, the balance in the Treasury Stock account would be $_______________.

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Definitions:

Service Feature

An element of a service that provides a specific benefit and is offered to meet the needs and expectations of customers.

Workout Plan

A scheduled routine of exercises designed to achieve specific fitness goals.

Reader Benefit

The advantage or positive outcome that a reader gains from consuming written material, making the communication relevant to their needs or interests.

Subjunctive Verbs

Refers to a verb mood used to express various states of unreality such as wish, emotion, possibility, judgement, opinion, necessity, or action that has not yet occurred.