Given data below. Answer the questions. Stockholders' equity: Preferred stock ($100 par) $200,000 Common stock ($0.10 par)

Given data below. Answer the questions.

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Stockholders' equity: Preferred stock ($100 par) $200,000 Common stock ($0.10 par) 10,000 Additional paid in capital 2,506,000 Total paid in capital 2,716,000 Retained earnings 1,150,000 Treasury stock (3,000 common shares) (105,000) Total stockholders' equity $3,761,000 Styles 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3. How much of the Additional paid in capital is from common stock if the common stock shares were issued at $25 per share? $ 4. If retained earnings at the beginning of the period was $1,000,000 and $284,000 was earned in net income, what was the amount of dividends declared during the year? $ _ 5. What was the average cost per share of the treasury stock? $ Stockholders' equity: Preferred stock ($100 par) $200,000 Common stock ($0.10 par) 10,000 Additional paid in capital 2,506,000 Total paid in capital 2,716,000 Retained earnings 1,150,000 Treasury stock (3,000 common shares) (105,000) Total stockholders' equity $3,761,000 Styles 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3. How much of the Additional paid in capital is from common stock if the common stock shares were issued at $25 per share? $ 4. If retained earnings at the beginning of the period was $1,000,000 and $284,000 was earned in net income, what was the amount of dividends declared during the year? $ _ 5. What was the average cost per share of the treasury stock? $

Answer rating: 100% (QA)

1 The number of shares of preferred stock issued can be calculated by dividing the total amount of preferred stock 200000 by the par value per share 1... View the full answer