Question
ok value per share and other computations Bo Shown below is information relating to the stockholders' equity of Silver Waste Management at December 31, 2015:
ok value per share and other computations
Bo
Shown below is information relating to the stockholders' equity of Silver Waste Management at December 31, 2015:
8% preferred stock,$150 par ,10,000 shares authorized and 6,000 issued. common stock,$6.50 par,500,000 shares authorized 400,000 shares issued and outstanding
Additional paid in capital: preferred stock
Additional paid in capital: common stock
Retained earnings (assume there are no dividend in arrears)
a) Silver's total legal capital at December 31, 2015, is $_______________.
(b) The total amount of Silver's paid-in capital at December 31, 2015, is $_________________.
(c) The average issue price per share of Silver's preferred stock was $_______.
(d) The book value per share of common stock is $__________ per share.
(e) The balance in Retained Earnings at the beginning of the year was $1,237,500, and net income for 2015 was $1,600,500. What was the amount of dividend declared on each share of common stock during 2015? $_______ per share
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started