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Bruins Inc. has the following items in their current balance sheet: Common Stock 10,000,000 shares authorized, $1,000,000 issued $3,000,000 Capital Surplus $9,000,000 Treasury Stock on
Bruins Inc. has the following items in their current balance sheet: Common Stock 10,000,000 shares authorized, $1,000,000 issued $3,000,000 Capital Surplus $9,000,000 Treasury Stock on Common 100,000 shares $6,000,000 Cumulative Preferred Stock 500,000 authorized [2%] $100 par $8,000,000 Treasury Stock on Preferred Stock 10000 shares $6,000,000 Retained Earnings $60,000,000 How many Bruins common stock shares are outstanding? If Bruins Inc. announces a 4 for 1 stock split on the cumulative preferred then what is the new total amount of the preferred stock? If Bruins Inc. were to provide for a 10% common stock dividend, then how many new shares are to be mailed to existing shareholders
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