Question
The stockholders equity of Crater, Inc. at December 31, 2017, appears below: Common stock, $25 par value, 200,000 shares authorized,135,000 shares issued and outstanding 3,375,000
The stockholders equity of Crater, Inc. at December 31, 2017, appears below:
Common stock, $25 par value, 200,000 shares authorized,135,000 shares issued and outstanding | 3,375,000 |
Paid-in capital in excess of par value | 1,750,000 |
Retained earnings | 2,575,000 |
During 2018, the following transactions occurred:
Jan 1 Sold 50,000 Shares of preferred stock at $75, par is $50, stated rate of return is 5%
May 10: Declared a 10% common stock dividend when market value was $50 per share
June 15 Repurchased 5,000 share of common stock at $32
August 31: Issued the stock dividend declared on May 10.
December 10: Declared a cash dividend of $300,000 to be paid in December 2018.
December 31: Recognized net income of $ 1,630,500.
- What is the amount, if any of the APIC for the preferred stock? ____________
- What is the amount is the treasury stock, if any? ____________
- What is the dividend per share of common stock, if any? ___________
- How many shares of common stock are outstanding at year end? _______
- What is the ending balance of Retained earnings? ____________
- What is the ending balance of total equity? ______________
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