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Question 23 Not yet answered Marked out of 1.00 Flag question Benjamin Inc. reported the following information at December 31: Preferred Stock, $2.00 par, 10,000
Question 23 Not yet answered Marked out of 1.00 Flag question Benjamin Inc. reported the following information at December 31: Preferred Stock, $2.00 par, 10,000 shares authorized $4,320 Additional paid-in capital - preferred stock 4,752 Common stock, $1.00 par, 6,000 shares authorized 1,440 Additional paid-in capital - common stock 3,480 Retained earnings 6,800 Treasury stock, at cost of $4 per share (800) Total $19,992 Benjamin Inc.'s common stock was selling for $12 per share at year-end. If the company declares a 10% common stock dividend, what will be the amount of total shareholders' equity at year-end? Select one: a. $17,280 b. $21,720 O C. $27,192 O d. $19,992
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