Louisiana State University,Shreveport ACCOUNTING ACCOUNTING Acct 701 Exercise 10-19 Stock Terminology The stockholders’ equity section of Lester Company’s balance sheet follows: Required: a. How many shares ofcommon
Exercise 10-19
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?
$
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