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Only Need to Answer 4-6 Packet Exercise 11.2 Monet Corporation Balance Sheet 12/31/2019 Stockholders' Equity: 6% cumulative preferred stock, $10 par value. 50.000 shares authorized
Only Need to Answer 4-6
Packet Exercise 11.2 Monet Corporation Balance Sheet 12/31/2019 Stockholders' Equity: 6% cumulative preferred stock, $10 par value. 50.000 shares authorized 30,000 shares issued and outstanding $300,000 Common stock, $1 par value, 150,000 shares authorized, ? shares issued and ? shares outstanding 50,000 Additional paid in capital - common stock 650,000 Retained earnings 850,000 Accumulated other comprehensive income 80,000 Treasury stock, 2.500 shares at cost (100.000) Total stockholders' equity $1,830,000 Using the information above answer the following questions: 1. How many common stock shares are issued as of 12/31/2019? 2. How many common stock shares are outstanding as of 12/31/2019? 3. What is the cost per share of the treasury stock? 4. Calculate the total and per share annual dividend for the preferred stock: 5. Assume no dividends were paid during 2018. During 2019 the company paid a total of $71,625 in dividends. How much, per share, was paid to each common shareholder? 6. What is the total contributed capital and total earned capital at 12/31/2019Step by Step Solution
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