question archive Required information [The following information applies to the questions displayed below
Required information [The following information applies to the questions displayed below
Subject:AccountingPrice: Bought3
Required information [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock $ 960,000 Retained earnings $ 840,000 Net income $ 1, 090,000 Shares issued 96,000 Shares outstanding 61,000 Dividends declared and paid $ 710,000
The common stock was sold at a price of $35 per share.
a. What is the amount of additional paid-in capital?
b. What was the amount of retained earnings at the beginning of the year?
c. How many shares are in treasury stock?
d. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding.
