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Exercise 11-4 The stockholders' equity section of Pina Colada Corp.'s balance sheet at December 31 is presented here. PINA COLADA CORP. Balance Sheet (partial) Stockholders'
Exercise 11-4 The stockholders' equity section of Pina Colada Corp.'s balance sheet at December 31 is presented here. PINA COLADA CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,333 shares authorized, 6,200 shares issued and outstanding $ 620,000 Common stock, no par, 742,241 shares authorized, 574,000 shares issued 1,722,000 Total paid-in capital 2,342,000 Retained earnings 1,175,000 Total paid-in capital and retained earnings 3,517,000 Less: Treasury stock (7,900 common shares) 42,133 Total stockholders' equity $3,474,867 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
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