Finding Missing Amounts At December 31 the records of

Kozmetsky #2839
Finding Missing Amounts At December 31, the records of Kozmetsky Corporation provided the
following selected and incomplete data:Common stock (par $ 2; no changes during the current
year). Shares authorized, 5,000,000.Shares issued, ? ; issue price $ 8 per share.Shares held as
treasury stock, 10,000 shares, cost $ 6 per share.Net income for the current year, $ 481,000.
Common Stock account, $ 150,000.Dividends declared and paid during the current year, $ 2
per share. Retained Earnings balance, beginning of year, $ 800,000.Required:1. Complete the
following:Shares issued ____.Shares outstanding ____.2. The balance in Additional Paid-in
Capital would be $ ____.3. Earnings per share is $ ____. Round your answer to two decimal
places.4. Total dividends paid on common stock during the current year is $ ____.5. Treasury
stock should be reported in the stockholders’ equity section of the balance sheet in the amount
of $ ____.6. Assume that the board of directors voted a 2-for-1 stock split. After the stock split,
the par value per share will be $ ____.View Solution:
Finding Missing Amounts At December 31 the records of Kozmetsky

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