The number of shares of common stock outstanding

The number of shares of common stock outstanding 1 1. Name at least three factors that influence the market value of stock. 2. Corporations acquire treasury stock for a variety of purposes. Name three reasons why treasury stock may be acquired by a corporation. 2 The following items were shown on the balance sheet of Herman Corporation on December 31, 2008: Stockholders’ Equity Paid-In Capital Capital Stock Common stock, $5 par value, 360,000 shares authorized; ______ shares issued and ______ outstanding ………………. $1,650,000 Additional paid-in capital In excess of par value…………………………………………………………………… 165,000 Total paid-in capital…………………………………………………………………. 1,815,000 Retained Earnings………………………………………………………………………………….. 750,000 Total paid-in capital and retained earnings………………………………………. 2,565,000 Less: Treasury stock (15,000 shares) ………………………………………………………. (180,000) Total stockholders’ equity ……………………………………………………………… $2,385,000 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 sales price of the common stock when issued was $____________. (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 $_______________. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help