Paste B ADA Paragraph Styles Dictate Use the following to answer questions 37-44. It was taken from the Stockholders' Equity section of the Balance Sheet of Montage Co. at December 31, 2019 rred to parte 100,000 h, 30,000 shared ning 100,000 Common stock, 12 val. 2,000,000 to 50.000 shares we sharestanding 1.000.000 Da in care forved 25,000 Paldin catalino como 400,000 Rendani 30,000 Treasury od 3.000 comme 19,000 Total Stockholly 2,100.00 The market price per share of common stock was $40, and the market price per share of preferred stock was $30. 37. What is the par value of the preferred stock? Answer 38. How much is the dividend per share on the preferred stock? Answer 39. How many shares of common stock are outstanding? Answer 40. What was the average prica per common share issued Answer 41. If Montage Co. declared a 4 for 1 stock split on the com stock, how many shares would be outstanding Immediately after the split? Answer 42. What amount would be transferred tromitetained Earnings because of the stock split? Answer 4. Theoretically, what would be the market prion per common share immediately after the stock split Answer 44. What was the average price per preferred share issued Anewer For Questions 45 8 46 Assume there were 100,000 shares of Monte Ce common stockautta 2232 words Focus Page 7 of PH gy DO F9 C 610 512 + & Paragraph Styles DI C. All are raise Use the following to answer questions 37-44. It was taken from the Stockholders' Equity section of the Balance Sheet of Montage Co. at December 31, 2019: Preferred stock, 2 par value, 7% cumulative, 100,000 sbs authorized, 20,000 sbs, issued & outstanding $ 300,000 Common Stock, $2 par value, 2,000,000 sbs authorized 500,000 shares issued 2 shares outstanding............ 1,000,000 Paid in capital io excess of par - preferred 25,000 Pald in capital in excess of par - common 400,000 Retained earnings ..... 520,000 Treasury stock, 3,000 common sbs (39,000) Total Stockholder Equity $ 2,386,000 The market price per share of common stock was $40, and the market price per share of preferred stock was $30. 37. What is the par value of the preferred stock? Answer 38. How much is the dividend per share on the preferred stock? Answer I 39. How many shares of common stock are outstanding? Answer 40. What was the average price per common share issued? Answer 41. If Montage Co. declared a 4 for 1 stock split on the common stock, how many shares would be outstanding Immediately after the split? Answer 42. What amount would be transferred from Retained Earnings because of the stock split? Answer 43. Theoretically, what would be the market price per common share Immediately after the stock split? on sbs (39,000) Total Stockholder Equity $ 2,386,000 The market price per share of common stock was $40, and the market price per share of preferred stock was $30. 37. What is the par value of the preferred stock? Answer 38. How much is the dividend per share on the preferred stock? Answer I 39. How many shares of common stock are outstanding? Answer 40. What was the average price per common share issued? Answer 41. If Montage Co. declared a 4 for 1 stock split on the common stock, how many shares would be outstanding Immediately after the split? Answer 42. What amount would be transferred from Retained Earnings because of the stock split? Answer 43. Theoretically, what would be the market price per common share immediately after the stock split? Answer 44. What was the average price per preferred share used? Answer For Questions 45 & 46 Assume there were 100,000 shares of Montage Co. common stock outstanding. of 9 2232 words Focus
