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Please Answer both questions Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1: 18 $ 2,000,000
Please Answer both questions
Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1: 18 $ 2,000,000 4.5% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? shares Common stock, $10 par value; authorized, 560,000 shares; issued and outstanding, 180,000 shares Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears 1,800,000 720,000 (90,000) 90,000 eBook What was the original issue price per share of common stock? Multiple Choice $3.21 per share O $4.50 per share $14.00 per share O $10.00 per share Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1: 19 $ 2,000,000 4.5% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? shares Common stock, $10 par value; authorized, 560,000 shares; issued and outstanding, 180,000 shares Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears eBook 1,800,000 720,000 (90,000) 90,000 Total stockholders' equity is: Multiple Choice $4,520,000. $4,610,000. $4,340,000. O $4,430,000Step by Step Solution
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