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Hi, please answer all parts! thank you sm PROBLEM 5 (10 POINTS) The Stockholders' Equity Section of Holland Company is presented below: $ 200,000 4,000
Hi, please answer all parts! thank you sm
PROBLEM 5 (10 POINTS) The Stockholders' Equity Section of Holland Company is presented below: $ 200,000 4,000 6% Preferred Stock, $100 par, 5,000 shares authorized APIC - Preferred Common Stock, $2 par, 20,000 shares authorized, 8,000 shares issued APIC - Common Total Contributed Capital Retained Earnings Less, Treasury Stock, 1,200 shares at cost Total Stockholders' Equity 16,000 100,000 $ 320,000 800,000 (21,600) $ 1,098,400 Please answer the following questions (SHOW ALL WORK) 1. How many preferred shares were issued? 2. What was the average issue price of the common stock? 3. How many common shares were outstanding? 4. What is the preferred dividend requirement (total, not per share) 5. What was the cost per share to reacquire the Treasury StockStep by Step Solution
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