Question: explain all answer, no written work The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for

 explain all answer, no written work The following information is relevant

explain all answer, no written work

The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for Dec 31 2014 is as follows (amounts in USD): 31/12/2014 Preferred stock, 5%, $120 par, non-cumulative, 6,000 shares 720,000 Common stock, ($2 par value each) 2,100,000 Additional paid-in capital-preferred 50,000 Additional paid-in capital-common 6,300,000 Total paid-in capital 6,350,000 Retained earnings 13,500,000 Total paid-in capital & retained earning 19,850,000 Total owners' equity 22,670,000 9. What were the average issue price of the common stocks since the inception of the Company? a. $8 b. $6 c. $2 d. $4 e. $10 10. Assuming dividends were not paid during the last 3 years. In the current year, the board of directors declared on distributing a dividend of $3,186,000. Which dividend amount will be distributed to a person that holds 2,000 common shares? a. $3,034 b. $6,068 c. $4,697 d. $6,000 e. $3,000

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