Muscat Masa Trading Companies has the following stockholders' equity account. Common stock (350,000 shares at US$3 par)..................US$1,050,000

Question:

Muscat Masa Trading Companies has the following stockholders' equity account.
Common stock (350,000 shares at US$3 par)..................US$1,050,000
Paid in capital in excess of par.........................................2,500,000
Retained earnings..........................................................750,000
Total stockholders' equity.........................................US$4,300,000
Assuming that state laws define legal capital solely as the of common stock, how much of a per-share can Muscat Masa pay? If legal capital were more broadly defined to include all paidin capital, how much of a per-share can Muscat Masa pay?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...