Question
6% cumulative preferred stock, $100 par .................................$1,200,000 Common stock, $10 par 1,000,000 shares authorized...............$3,000,000 Additional paid-in capital; common stock.....................................$6,000,000 Deficit ( negative retained earnings) ...........................................$1,200,000
6% cumulative preferred stock, $100 par .................................$1,200,000
Common stock, $10 par 1,000,000 shares authorized...............$3,000,000
Additional paid-in capital; common stock.....................................$6,000,000
Deficit ( negative retained earnings) ...........................................$1,200,000
dividends in arrears on preferred.stock 1 full year.......................???
A) # of shares of preferred stock issued and outstanding
B) average issue price per share of common stock
C) total paid-in capital
D) total stockholders.equity
E) book value per share of common stock
Show computations please. I am confused
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