The following table lists the stockholders' equity accounts appearing on the balance sheet of a corporation...
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The following table lists the stockholders' equity accounts appearing on the balance sheet of a corporation on December 31, 2020. Answer the questions below the table. Account Amount Common stock, $10 par value $100,000 Preferred stock, $50 par value 50,000 100,000 Paid-in capital in excess of par - preferred Retained earnings 225,000 a. How many shares of preferred stock have been issued? b. What was the average issuance price of the preferred stock? C. How many shares of common stock have been issued? What is total stockholders' equity? Give the journal entry for the purchase of 1,400 shares of treasury stock (common stock) at $15 per share: d. The following table lists the stockholders' equity accounts appearing on the balance sheet of a corporation on December 31, 2020. Answer the questions below the table. Account Amount Common stock, $10 par value $100,000 Preferred stock, $50 par value 50,000 100,000 Paid-in capital in excess of par - preferred Retained earnings 225,000 a. How many shares of preferred stock have been issued? b. What was the average issuance price of the preferred stock? C. How many shares of common stock have been issued? What is total stockholders' equity? Give the journal entry for the purchase of 1,400 shares of treasury stock (common stock) at $15 per share: d.
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Requirement a No of shares of preferred stock 1000 5000050 b Average is... View the full answer
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
Posted Date:
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