chapter 11 HW question 2

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2 The others to Con Company has shown as follow 1. OEM Sticht Preferred washers Locat th 150hrs in vitello Paid in calice tad Required Ang the preferred to suforme autochtoned when the based on the il conserve the amount of the com con conoscere the most of that be the company protection for credito Determine the number of swesos con och December ..Anne Citon pudo.com 25.common ck on January dem The mount of the consommation here Based on the sociales y section show can you delete theme of the proce 12yesWhat the month of MS The stockholders' equity section of Creighton Company's balance sheet is shown as follows poeit 5 500 1,000 CREIGHTON COMPANY As of December 31, Year 3 Stockholders' equity Preferred stock, $10 stated value. 7 cumulative. 300 shares authorized, se issued and outstanding Common stock, 510 par value, 250 shares authorited, 100 issued and outstanding Common stock, class B, se par valve, 400 shares authorized, 158 issued and outstanding Common stock, no par. 150 shares authorized 100 issued and outstanding Pald-in capital in excess of stated value-preferred Paid in capital in excess of par value-common Paid in capital in excess of par value-class 8 COMO Betained earnings Total stockholders' equity 3,000 2,200 600 1,200 750 2.200 $10,250 Required a. Assuming the preferred stock was originally issued for cash, determine the amount of cash collected when the stock was issued. b. Based on the class B common stock alone, determine the amount of the company's legal capital c. Based on the class B common stock alone. determine the minimum amount of assets that must be retained in the company as protection for creditors, d. Determine the number of shares of class B common stock that are available to sell as of December 31 Year 3. e. Assuming Creighton purchases treasury stock consisting of 25 shares of its no par common stock on January 1 Year 4 determine the amount of the no par common stock that would be outstanding Immediately after the purchase 1-1. Based on the stockholders' equity section shown earlier can you determine the market value of the preferred stock? 1-2. If yes, what is the market value of one share of this stock? Required a. Assuming the preferred stock was originally issued for cash, determine the amount of cash collected when the stock was issued. b. Based on the class B common stock alone, determine the amount of the company's legal capital c. Based on the class B common stock alone, determine the minimum amount of assets that must be retained in the company as protection for creditors. d. Determine the number of shares of class B common stock that are available to sell as of December 31 Year 3. e. Assuming Creighton purchases treasury stock consisting of 25 shares of its no par common stock on January 1, Year 4, determine the amount of the no-par common stock that would be outstanding immediately after the purchase. 1-1. Based on the stockholders' equity section shown earlier can you determine the market value of the preferred stock? 1-2. If yes, what is the market value of one share of this stock? Cash collected on issue D Company's legal capital Amount of assets to be retained d. Class B common stock available to sell le Nutriber of shares of stock outstanding -1. Market value can be determined by analyzing the stockholders' equity section 1-2 Market value of one share of the stock shares shares