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Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2015: 7.0% cumulative preferred stock, $100 par $ 2,200,000
Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2015: |
7.0% cumulative preferred stock, $100 par | $ 2,200,000 |
Common stock, $10 par, 600,000 shares authorized, 188,000 shares issued and outstanding | 1,880,000 |
Additional paid-in capital: common stock | 1,504,000 |
Retained earnings (Deficit) | (94,000) |
Dividends in arrears | 154,000 |
How many shares of preferred stock are issued and outstanding? |
A. 220,000 shares.
B. 60,000 shares.
C. 18,800 shares.
D. 22,000 shares.
What was the original issue price per share of common stock? |
A. $3.13 per share.
B. $10.00 per share.
C. $18.00 per share.
D. $5.64 per share.
What is total paid-in capital? |
A. $5,336,000.
B. $5,678,000.
C. $5,584,000.
D. $5,490,000.
Total stockholders' equity is: |
A. $5,584,000.
B. $5,336,000.
C. $5,490,000.
D. $5,678,000.
Book value per share of common stock (rounded to the nearest penny) is: |
A. $18.00
B. $33.36
C. $10.00
D. $16.68
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