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Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018: 5.0% cumulative preferred stock, $100 par$500,000 Common stock,
Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018:
5.0% cumulative preferred stock, $100 par$500,000
Common stock, $10 par, 400,000 shares authorized,
124,000 shares issued and outstanding1,240,000
Additional paid-in capital: Common stock744,000
Retained earnings (Deficit)(62,000)
Dividends in arrears25,000
Total stockholders' equity is:
$2,546,000.
$2,484,000.
$2,397,000.
$2,422,000.
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