Question
Financial Statement Impact On January 10, BOC Corporation issued for cash 100,000 shares of $10 par value common stock at $80. On April 20, BOC
Financial Statement Impact
On January 10, BOC Corporation issued for cash 100,000 shares of $10 par value common stock at $80. On April 20, BOC issued at par 25,000 shares of preferred 4% stock, $25 par at $90. On July 1, BOC issued for cash 10,000 shares of 5%, $15 par preferred stock at $100.
Click here and use the sliders to select the relevant issue price and par value per share to answer the following questions. You must also input the relevant number of shares in the data entry box above.
Answer parts a. through c. for the common stock issued on January 10.
How much cash did BOC Corporation receive from the issuance of this stock? $
What is the total par value of the common stock issued? $
As the par value per share of the common stock increases, the amount of cash that BOC will receive from the issuance of the stock will .
Answer parts a. through c. for the preferred stock issued on April 20.
How much cash did BOC Corporation receive from the issuance of this stock? $
What is the total par value of this preferred stock? $
As the issue price per share of the preferred stock increases, the amount of cash that BOC will receive from the issuance of this preferred stock will .
Answer parts a. through c. for the preferred stock issued on July 1.
How much cash did BOC Corporation receive from the issuance of this stock? $
What is the total par value of this preferred stock? $
As the issue price per share of the preferred stock increases, the Excess of Issue Price Over Par from the issuance of this preferred stock will if the par value per share remains the same.
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