 |  Financial and Managerial Accounting: The Basis for Business Decisions, 12/e Jan R. Williams,
University of Tennessee
Susan F. Haka,
Michigan State University
Mark S. Bettner,
Bucknell University
Robert F. Meigs
Stockholders' Equity: Paid-in Capital
Tootsie Roll Exercises| | TOOTSIE ROLL EXERCISE | EXERCISE 11.12 LO 4, 7 | | The annual report of Tootsie Roll Industries, Inc., appears in
Appendix A of this text. This report contains information describing the
details of the company's stockholders' equity. - What are the par values of the company's two classes of common stock?
- For the most current year show how many shares of each class of common
stock are authorized. What is the meaning of authorized shares?
- What is the total stockholders' equity amount for Tootsie Roll for
the most recent year reported? Does this figure mean that the total
outstanding stock is actually worth this amount? Explain your answer.
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2002 McGraw-Hill Higher Education