The following information is available for TWO years ended December 31,20111 and 2012:
1.From which financial statement did the above information come?
2.If this company declared dividends of $4,000 in 2012,how much income did it earn that year?
3.What event could have caused Treasury stock to change from $(600)in 2011 to
$(2,600)in 2012?
4.How many shares of common stock are issued at the end of 2011?
5.How many shares of common stock are issued at the end of 2012?
6.What event could have caused the change in the common stock account from 2011 to 2012?
7.What was the average price of the common stock issued during 2012?
Definitions:
Power Vacuum
A situation that occurs when someone has lost control of something and no one has replaced them, creating a state of general disorder or confusion.
Manager
An individual responsible for controlling or administering an organization or group of staff, planning and directing their functions and activities.
Dormant Production
A film or television project that has been put on pause or halted indefinitely, without current plans for continuation or completion.
Educational Films
Films produced with the intention to educate the audience on specific topics or issues.
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