Question: Balance Sheet ( partial ) table [ [ Stockholders ' equity ] , [ Paid - in capital ] , [ Preferred stock, cumulative,
Balance Sheet partial
tableStockholders equityPaidin capitalPreferred stock, cumulative, shares authorized, shares issued and outstanding,$Common stock, no par, shares authorized, shares issued,Total paidin capital,Retained earnings,Total paidin capital and retained earnings,Less: Treasury stock common sharesTotal stockholders' equity,$
From a review of the stockholders' equity section, answer the following questions.From a review of the stockholders' equity section, answer the following questions.
a How many shares of common stock are outstanding?
Common stock outstanding shares
b Assuming there is a stated value, what is the stated value of the common stock?
Stated value of the common stock $ per share
c What is the par value of the preferred stock?
Par value of the preferred stock
$
per shared If the annual dividend on preferred stock is $ what is the dividend rate on preferred stock?
Dividend rate
e If dividends of $ were in arrears on preferred stock, what would be the balance reported for retained earnings?
Balance reported for retained earnings
$
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