Question
Redlands, Inc. presents the following components of shareholders equity on the balance sheet at December 31, 2015: Preferred stock, 120 shares authorized, 60 shares issued
Redlands, Inc. presents the following components of shareholders equity on the balance sheet at December 31, 2015:
Preferred stock, 120 shares authorized, 60 shares issued and outstanding $120
Paid-in-capital in excess of par on preferred stock 180
Common stock, $1 par, 500 shares authorized 100
Paid-in-capital in excess of par on common stock 350
Retained earnings 630
Treasury stock, 20 common shares (140)
Fill in the blanks:
Total contributed capital is: $___________.
Total stockholders equity is: $___________.
The par value of preferred stock is: $___________.
The average selling price per share of preferred stock was: $___________.
The number of common shares issued is: ___________.
The number of common shares outstanding is: ___________.
The average selling price per share of common stock was: $___________.
Redlands paid a $.10 per share dividend at the end of 2015
on common stock. The total $ amount of the dividend was: $___________.
The purchase price per share of treasury stock was: $___________.
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