ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 35

Retained earnings appropriated for contingencies
$280,000

Common treasury stock:

Number of shares

Total cost

Net income

9,000

$240,000

$610,000

Compute (assume no changes in balances during the past year):
(Round per share and ratios to 2 decimal places, e.g. $15.75 or
15.75%.)

(a)
Total amount of stockholders' equity in the
balance sheet
$

(b)

Earnings per share of common stock

$