Question 1 (6 points) The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 Alpha issued an additional 3,500…

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Question 1

(6 points)


The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 Alpha issued an additional 3,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $10,000 on January 1 and $15,000 on June 2 and net income was $124,700.  Use this information to determine for December 31, 2017 the amount of:


a. Total Stockholders Equity


b. Earnings per Share (rounded to the nearest penny)

Beginning commonstockIssuePaid in capitalRetained earningsTotal equity 375001750025000124700204700 Ost shares 11000 EPS= 11.34

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