Shown below is the equity of Silver Inc. as at 31 December 20XX
.

10% cumulative preferred stock, $150 for $900,000

Common stock, $6.50 par, 500,000 shares authorized $2,600,000

Exceeding paid-in capital: common stock $132,000

Retained earnings $1,551,000

Delayed dividends on preferred stock, 1 full year

 Required

`1. What is the total regulatory capital of Silvers?
2.What is the total amount of Capital Contributed by Silver?
3, What is the number of ordinary shares and issued and outstanding shares?
4. Show the required journal entry when common stock is issued.
5. What was the average issuance price per share of Silver's common stock?
6. If the company declares $300,000 in dividends for the current year, how much will it go to ordinary shareholders?
7. If the company pays out $300,000 in dividends for the current year, how much will it go to the preferred shareholder?

Answer rating: 100% (QA)

To answer your questions lets analyze the given information step by step 1 Total Regulatory Capital The total regulatory capital of a company includes ... View the full answer