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Balance reported for Retained Earnings? referred stock, cumulative, 18,000 shares authorized, 12,600 shares issued and outstanding $1,512,000 ommon stock, no par, 740,000 shares authorized, 540,000
Balance reported for Retained Earnings?
referred stock, cumulative, 18,000 shares authorized, 12,600 shares issued and outstanding $1,512,000 ommon stock, no par, 740,000 shares authorized, 540,000 shares issued \begin{tabular}{r} 2,700,000 \\ \hline 4,212,000 \\ \hline 6,858,000 \\ 570,000 \\ \hline$6,012,400 \\ \hline \end{tabular} Total paid-in capital and retained earnings is: Treasury stock (9,000 common shares) Total stockholders' equity n review of the stockholders' equity section, answer the following questions. How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $166,320, what is the dividend rate on preferred stock
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