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please i want the answer now The year-end balance sheet of Wang Co. includes the following stockholders' equity section (with certain details omitted): Stockholder's equity:
please i want the answer now
The year-end balance sheet of Wang Co. includes the following stockholders' equity section (with certain details omitted): Stockholder's equity: Capital stock: 12% cumulative preferred stock, $5 par value, callable at $6, authorized 5, 000, 000 shares Common stock, $3 par value, 800,000 shares authorized, 500, 000 shares issued. Additional paid-in capital: common stock Donated capital Retained earnings Total stockholder's equity $600,000 1500, 000 Answer: 1000, 000 520, 000 1600, 000 5220, 000 Instructions: From this information, compute answers to the following questions: (1) How many shares of preferred stock have been issued? Answer: (2) What is the total amount of the annual dividends paid to preferred stockholders? (3) What was the average issuance price per share of common stock? Answer: (4) What is the amount of legal capital? Answer: (5) What is the total amount of paid-in capital? Answer: (6) What is the book value per share of common stock? (There are no in arrears.) Step by Step Solution
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