Do It! Review 11-1
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    Exercise 11-5
    On the basis of the explanation for each entry prepare the entries that should have been made for the capital stock transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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    Exercise 11-7
    Pele is considering the following two courses of action:
    The current market price is $17per share.
    Prepare a tabular summary of the effects of the alternative actions on the companys stockholders equity and outstanding shares.
    Balance Sheet
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    Broadening Your Perspective 11-1
    CONSOLIDATED STATEMENTS OF
    Earnings Comprehensive Earnings and Retained Earnings (in thousands except per share data)
    Financial Position
    TOOTSIE ROLL INDUSTRIES INC. AND SUBSIDIARIES (in thousands except per share data)
    CONSOLIDATED STATEMENTS OF
    Cash Flows (in thousands)
    Answer the following questions.
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    Broadening Your Perspective 11-2
    CONSOLIDATED STATEMENTS OF INCOME
    CONSOLIDATED BALANCE SHEETS
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    CONSOLIDATED STATEMENTS OF
    Earnings Comprehensive Earnings and Retained Earnings (in thousands except per share data)
    Financial Position
    TOOTSIE ROLL INDUSTRIES INC. AND SUBSIDIARIES (in thousands except per share data)
    CONSOLIDATED STATEMENTS OF
    Cash Flows (in thousands)
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