Question
QUESTION #45: Required information [The following information applies to the questions displayed below.] Shown below is information relating to the stockholders' equity of Reeve Corporation
QUESTION #45: Required information
[The following information applies to the questions displayed below.]
Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018:
3.5% cumulative preferred stock, $100 par | $ | 1,200,000 | |
Common stock, $10 par, 400,000 shares authorized, 148,000 shares issued and outstanding | 1,480,000 | ||
Additional paid-in capital: Common stock | 444,000 | ||
Retained earnings (Deficit) | (74,000 | ) | |
Dividends in arrears | 42,000 | ||
PART A: How many shares of preferred stock are issued and outstanding? PART B: What was the original issue price per share of common stock? PART C: What is total paid-in capital? PART D: Total stockholders' equity is? PART E: Book value per share of common stock is? (Round to 2 decimal places.)
Can someone please help me find the answers to this question? Will you show each step and give an explanation so I know how to do it? **no handwritten/photo answers, thank you****
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