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a) how many shares of common stock are outstanding? b) what us the stated value of the common stock (per share)? c) what is the
a) how many shares of common stock are outstanding?
The stockholders' equity section of Sheridan Corporation's balance sheet at December 31 is presented here. SHERIDAN CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 11,333 shares authorized, 6,800 shares issued and outstanding $707,200 Common stock, no par, 735,776 shares authorized, 569,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,000 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding b) what us the stated value of the common stock (per share)?
c) what is the par value of the preferred stock (per share)?
d) if the annial dividend on preferred stock is $49,504 what is the dividend rate on preferred stock?
e) if dividends of $75,700 were in arrears on preferred stock, what would be the balance reported dor retained earnings?
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