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explain all answer, no written work The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for
explain all answer, no written work
The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for Dec 31 2014 is as follows (amounts in USD): 31/12/2014 Preferred stock, 5%, $120 par, non-cumulative, 6,000 shares 720,000 Common stock, ($2 par value each) 2,100,000 Additional paid-in capital-preferred 50,000 Additional paid-in capital-common 6,300,000 Total paid-in capital 6,350,000 Retained earnings 13,500,000 Total paid-in capital & retained earning 19,850,000 Total owners' equity 22,670,000 9. What were the average issue price of the common stocks since the inception of the Company? a. $8 b. $6 c. $2 d. $4 e. $10 10. Assuming dividends were not paid during the last 3 years. In the current year, the board of directors declared on distributing a dividend of $3,186,000. Which dividend amount will be distributed to a person that holds 2,000 common shares? a. $3,034 b. $6,068 c. $4,697 d. $6,000 e. $3,000Step by Step Solution
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