gnment CALCULATOR FULL SCREEN PRINTER VERSION

gnment The stockholders' equity section of Bramble Corp. at December 31 is as follows. Bramble Corp. Balance Sheet(partial) Paid-in capital Preferred stock, cumulative, 20,000 shares authorized, 12,000 shares issued and outstanding Common stock, no par, 860,000 shares authorized, 530,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity CALCULATOR $720,000 3,638,000 76,800 FULL SCREEN PRINTER VERSION BACK NEXT From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) (b) (c) (d) (e) How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $79,200, what is the dividend rate on preferred stock? If dividends of $158,400 were in arrears on preferred stock, what would be the balance in Retained Earnings? shares per share per share