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Exercise 11-4 The stockholders' equity section of Bramble Corp.'s balance sheet at December 31 is presented here. BRAMBLE CORP Balance Sheet (partial) Stockholders' equity Paid-in
Exercise 11-4 The stockholders' equity section of Bramble Corp.'s balance sheet at December 31 is presented here. BRAMBLE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital $556,500 1,728,000 2,284,500 1,152,000 3,436,500 26,667 $3,409,833 Preferred stock, cumulative, 8,833 shares authorized, 5,300 shares issued and outstanding Common stock, no par, 744,827 shares authorized, 576,000 shares issued Total paid-in capital Retained earning:s Total paid-in capital and retained earnings Less: Treasury stock (5,000 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? Common stock outstanding shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock per share (c) What is the par value of the preferred stock? The par value of the preferred stock per share
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