Question
A corporation reports the following year-end stockholders' equity: Contributed capital: Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued ......... $ 2,500,000 Contributed capital in
A corporation reports the following year-end stockholders' equity:
Contributed capital:
Preferred stock, 8%,
100,000 shares authorized, 50,000 shares issued ......... $ 2,500,000
Contributed capital in excess of par,
Preferred..................... 125,000
Common stock, $10 par, 500,000 shares Authorized
,400,000 shares issued .
............. 4,000,000
Contributed capital in excess of par,
Common ................ 1,200,000
Total contributed capital ........... $ 7,825,000
Retained earnings .............. 10,775,000
Total stockholders' equity .................... $18,600,000
what is the Par value for the preferred stock?
Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in areas?
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