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Could you answer in detail please? eroco Atockholders' equity section of Pharoah Company at December 31 is as follows. de 11-11 V or on LEGE
Could you answer in detail please?
eroco Atockholders' equity section of Pharoah Company at December 31 is as follows. de 11-11 V or on LEGE Pharoah Company Balance Sheet (Partial) M Pe capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, no pur, 860,000 shares authorized, 560,000 shares issued Total paid-in capital $300,000 1.120.000 1.420.000 Retained earnings Total paid-in capital and retained earnings 1.858.000 3,278,000 Less: Treasury stock (8,000 common shares) Total stockholders' equity 41.600 $3.236,400 1. How many shares of common stock are outstanding issued - TIS 2. Assuming there is a stated value, what is the stated value of the common stock? 3. What is the par value of the preferred stock? 4. If the annual dividend on preferred stock is $27,000, what is the dividend rate on preferred stock? 5. If dividends of $54,000 were in arrears on preferred stock, what would be the balance in Retained EarningsStep by Step Solution
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