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Shown below is information relating to the stockholders' equity of Churchill, Inc.: 6% cumulative preferred stock, $100 par $1,200,000 Common stock, $10 par 1,000,000 shares
Shown below is information relating to the stockholders' equity of Churchill, Inc.:
6% cumulative preferred stock, $100 par | $1,200,000 |
Common stock, $10 par 1,000,000 shares authorized | $3,000,000 |
Additional paid-in capital; common stock | $6,000,000 |
Deficit ( negative retained earnings) | $1,200,000 |
Dividends in arrears on preferred stock, 1 full year | ? |
From the above information, compute the following: (a) Number of shares of preferred stock issued and outstanding (b) Average issue price per share of common stock (c) Total paid-in capital (d) Total stockholders' equity (e) Book value per share of common stock
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