The year - end balance sheet of Social Systems, Inc. includes the following stockholders equity section (
Fantastic news! We've Found the answer you've been seeking!
Question:
The yearend balance sheet of Social Systems, Inc. includes the following stockholders equity section with certain details omitted:
Stockholders equity:
cumulative preferred stock, Rs par value,
callable at Rs shares authorized Rs
Common stock, Rs par value, shares
authorized
Additional paidin capital: Common stock
Donated capital
Retained earnings
Total stockholders equity Rs
Instructions
From this information, compute answers to the following questions:
a How many number of common and preffered stock issued?
b What is the total amount of the annual dividends paid to preferred stockholders?
c What was the average issuance price per share of common stock?
d What is the book value per share of common stock? There are no dividends in arrears. Assume that retained earnings at the beginning of the year amounted to Rs and the net income for the year was Rs
e What was the dividend declared during the year on each share of common stock?
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date: