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Tamarisk, Inc. Balance Sheet(partial) Stockholders' equity. Paid-in capital Preferred stock, cumulative, 8,000 shares authorized, 4,800 shares issued and outstanding Common stock, no par, 870,000 shares
Tamarisk, Inc. Balance Sheet(partial) Stockholders' equity. Paid-in capital Preferred stock, cumulative, 8,000 shares authorized, 4,800 shares issued and outstanding Common stock, no par, 870,000 shares authorized, 530,000 shares issued Total paid-in capital Retained earnings Total pald- in capital and retained earnings Les: Treasury stock (7,000 common shares) Total stockholders' equity From areview of the stockhilders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? shares (b) Assuming there is a stated value, what is the stated value of the common stock? per share (c) What is the par value of the preferred atock? pershare (d) If the annual dividend on preferred stock is $38,400, what is the dividend rate on preferred stock? 56 (e) If dividends of $76,800 were in arrears on preferred stock, what would be the bolance reported for retained earninss
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