exercise 11-4

Project Description:

the stockholders’ equity section of traylor corporation’s balance sheet at december 31 is presented here.

traylor corporation
balance sheet (partial)
stockholders’ equity
paid-in capital
preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding
$ 600,000
common stock, no par, 750,000 shares authorized, 580,000 shares issued

total paid-in capital
retained earnings

total paid-in capital and retained earnings
less: treasury stock (6,000 common shares)
total stockholders’ equity

from a review of the stockholders’ equity section, answer the following questions.

(a) how many shares of common stock are outstanding?

common stock outstanding

(b) assuming there is a stated value, what is the stated value of the common stock?

the stated value of the common stock
$ per share

(c) what is the par value of the preferred stock?

the par value of the preferred stock
$ per share

(d) if the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?

the dividend rate

(e) if dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

the retained earnings balance
Skills Required:
Project Stats:

Price Type: Negotiable

Total Proposals: 7
1 Current viewersl
39 Total views
Project posted by:


Proposals Reputation Price offered
  • 4.9
    287 Jobs 248 Reviews
    $0 in 0 Day
  • 4.4
    86 Jobs 65 Reviews
    $0 in 0 Day
  • 4.8
    552 Jobs 390 Reviews
    $12 in 0 Day
  • 0.0
    0 Jobs 0 Reviews
    $0 in 0 Day