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how do determine the common stock outstanding shares, value of common stock, the dividend rate, and the retained earnings balance? Exercise 11-4 The stockholders' equity

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how do determine the common stock outstanding shares, value of common stock, the dividend rate, and the retained earnings balance?

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Exercise 11-4 The stockholders' equity section of Flint Corporation's balance sheet at December 31 is presented here. FLINT CORPORATION Balance Sheet (partial) Stockholders' equity Paidin capital Preferred stock, cumulative, 11,667 shares authorized, 7,000 shares issued and outstanding $ 735,000 Common stock, no par, 722,845 shares authorized, 559,000 shares issued 2,795,000 Total paid-in capital 3,530,000 Retained earnings 1,197,000 Total paidin capital and retained earnings 4,727,000 Less: Treasury stock (7,900 common shares) 42,133 Total stockholders' equity $4,684,867 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? 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 (c) What is the par value of the preferred stock? The par value of the preferred stock per share (d) If the annual dividend on preferred stock is $58,800, what is the dividend rate on preferred stock? The dividend rate % (e) If dividends of $77,100 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance

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