Question
Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows: Preferred stock, $30 par
Analysis of Stockholders' Equity
The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:
Preferred stock, $30 par value, 5,000 shares authorized, ? shares issued | $180,000 |
Common stock, ? par, 10,000 shares authorized, 8,000 shares issued | 80,000 |
Additional paid-in capitalPreferred | 9,000 |
Additional paid-in capitalCommon | 720,000 |
Additional paid-in capitalTreasury stock | 2,000 |
Total contributed capital | $991,000 |
Retained earnings | 49,000 |
Treasury stock, preferred, 100 shares | (3,200) |
Total stockholders equity | $ ? |
Required:
Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.
1. The number of shares of preferred stock issued - shares
2. The number of shares of preferred stock outstanding - shares
3. The average per-share sales price of the preferred stock when issued $- per share
4. The par value of the common stock $- per share
5. The average per-share sales price of the common stock when issued $- per share
6. The cost of the treasury stock per share $- per share
7. The total stockholders' equity $-
8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value $- per share
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