Question
prince corporation's december 31 2022 balance sheet showed the following: 6% preferred stock, $20 par value cumulative, 40,000 shares authorized, 25,000 shares issued - $500,000
prince corporation's december 31 2022 balance sheet showed the following:
6% preferred stock, $20 par value cumulative, 40,000 shares authorized, 25,000 shares issued - $500,000
common stock, $10 par value, 4,000,000 shares authorized, 2,600,000 shares issued, 2,560,000 shares outstanding - 26,000,000
paid in capital in excess par value preferred stock - 80,000
paid in capital in excess par value common stock - 37,000,000
retained earnings - 12,200,000
treasury stock (40,000 shares) - 840,000
c) calculate the treasury stock per share
d) calculate preferred stock dividend
e) if the prince corporation declared and paid an $42,000 dividend on december 31, 2022. how much will preferred stockholders recieve. how much will common stockholders receive?
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