Below are excerpts from the 2016 Alleghany Corporation and Subsidiaries' balance sheet and statement of stockholders' equity:
Required:
a. How many common shares are issued at year-end 2016?
b. What is the par value of Alleghany's common stock?
c. At what average price was the common stock issued as of 2016?
d. Explain the treasury stock transaction of $68,320 thousand during the year.
e. How much was net income in 2016? How much was comprehensive income? Explain the difference between the two.

Question

Below are excerpts from the 2016 Alleghany Corporation and Subsidiaries' balance sheet and statement of stockholders' equity:
   Required: 
a. How many common shares are issued at year-end 2016?
b. What is the par value of Alleghany's common stock?
c. At what average price was the common stock issued as of 2016?
d. Explain the treasury stock transaction of $68,320 thousand during the year.
e. How much was net income in 2016? How much was comprehensive income? Explain the difference between the two.

Quizplus · Accepted Answer

The Answer of Below are excerpts from the 2016 Alleghany Corporation and Subsidiaries' balance sheet and statement of stockholders' equity:
   Required: 
a. How many common shares are issued at year-end 2016?
b. What is the par value of Alleghany's common stock?
c. At what average price was the common stock issued as of 2016?
d. Explain the treasury stock transaction of $68,320 thousand during the year.
e. How much was net income in 2016? How much was comprehensive income? Explain the difference between the two.

Below Are Excerpts from the 2016 Alleghany Corporation and Subsidiaries