Question: Topic: Steskhaldste Equity and Cash flow statement Q No 1: A) Shown below is information relating to the stockholders' equity of Grant Corporation at December

 Topic: Steskhaldste Equity and Cash flow statement Q No 1: A)

Topic: Steskhaldste Equity and Cash flow statement Q No 1: A) Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2009: 6% cumulative preferred stock. S100 par. 10.000 shares $600.000 authorized. 6.000 shares issued Common stock. $3 par. 500,000 shares authorized, 300,000 $900,000 shares issued and outstanding Additional paid-in capital: preferred stock $60.000 Additional paid-in capital. common stock $1.900.000 Retained earnings SL.090.000 Dividends have been declared and paid for 2009. Answer the below given questions a). Grant's total legal capital at December 31, 2009. is: b). The total amount of Grant's paid-in capital at December 31, 2009. is: c). The average issue price per share of Grant's preferred stock was: d). The book value per share of common stock is: e). The balance in Retained Earnings at the beginning of the year was $950,000. and there were no dividends in arrears. Net income for 2009 was $980,000. What was the amount of dividend declared on each share of common stock during 2009? f). On September 1, 2009, Maryland Corporation's common stock was selling at a market price of $200 per share. On that date, Maryland announced a 3 for 2 stock split. At what price would you expect the stock to trade immediately after the split goes into effect

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!