Question
General Corporations ledger includes the following account balances at December 31, 2005: Common Stock, $1 par value, 100,000 shares issued 100,000 Addl Paid-in Capital in
General Corporations ledger includes the following account balances at December 31, 2005: Common Stock, $1 par value, 100,000 shares issued 100,000 Addl Paid-in Capital in Excess of Par Value, Common 800,000 Preferred Stock, 10%, $60 par value, 10,000 shares issued 600,000 Addl Paid-in Capital in Excess of Par Value, Preferred 300,000 Retained Earnings 500,000 Treasury Stock, Common, 1,000 shares 100,000
1.The balance sheet prepared at December 31, 2005, would report total legal capital of:
2.The balance sheet prepared at December 31, 2005, would report total capital of:
3.The balance sheet prepared at December 31, 2005, would report total stockholders' equity of:
4.The number of common shares outstanding at December 31, 2005 would be:
5.Assuming the Preferred Stock is Cumulative, the preferred shareholders would be entitled to receive total annual dividends of:
Stockholder's Equity General Corporation's ledger includes the following account balances at December 3 2005: Common Stock, $1 par value, 100,000 shares issued Add'l Paid-in Capital nExcess of Par Value, Common 800,000 Preferred Stock, 10%, $60 par value, 10,000 shares issued Add'l Paid-in Capital nExcess of Par Value, Preferred 00,000 Retained Earnings Treasury Stock, Common, 1,000 shares 600,000 500,000 100,000 1. The balance sheet prepared at December 31, 2005, would report total legal capital of: 2. The balance sheet prepared at December 31, 2005, would report total capitali of: 3. The balance sheet prepared at December 31, 2005, would report total stockholders equity of: 4. The number of common shares outstanding at December 31, 2005 would be: 5. Assuming the Preferred Stock s "Cumulative", the preferred shareholders would be entitled to receive total annual dividends ofStep by Step Solution
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