Question
Stockholders equity Paid-in capital Preferred stock, cumulative, 12,333 shares authorized, 7,400 shares issued and outstanding $ 747,400 Common stock, no par, 762,931 shares authorized, 590,000
Stockholders equity Paid-in capital Preferred stock, cumulative, 12,333 shares authorized, 7,400 shares issued and outstanding $ 747,400 Common stock, no par, 762,931 shares authorized, 590,000 shares issued 1,770,000 Total paid-in capital 2,517,400 Retained earnings 1,151,000 Total paid-in capital and retained earnings 3,668,400 Less: Treasury stock (7,100 common shares) 37,867 Total stockholders equity $3,630,533 From a review of the stockholders equity section, answer the following questions.
(a) How many shares of common stock are outstanding? Common stock outstanding shares
(b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $ per share
(c) What is the par value of the preferred stock? The par value of the preferred stock $ per share
(d) If the annual dividend on preferred stock is $67,266, what is the dividend rate on preferred stock? The dividend rate %
(e) If dividends of $73,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $
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