ex 168 1 name at least three factors that influence the market value of stock 2 corp 4325005

Ex. 168

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.

Ex. 169

The following items were shown on the balance sheet of Westwind Corporation on December 31, 2017:

Stockholders’ equity

Paid-in capital

Capital stock

Common stock, $5 par value, 400,000 shares

authorized; ______ shares issued and ______ outstanding…………..$1,850,000

Additional paid-in capital

In excess of par……………………………………….     165,000

Total paid-in capital…………………………………2,015,000

Retained earnings…………………………………………..     750,000

Total paid-in capital and retained earnings……………………..2,765,000

Less:  Treasury stock (18,000 shares)…………………………….    180,000

Total stockholders' equity………………………………..$2,585,000

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 $_______________.

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