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The stockholders' equity section of Ahab Corporation at December 31 is as follows AHAB CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares
The stockholders' equity section of Ahab Corporation at December 31 is as follows AHAB CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 5,000 shares issued and $300,000 1,200,000 1,500,000 1,858,000 3,358,000 outstanding Common stock, no par, 750,000 shares authorized, 600,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (75,000 common shares) (75,000) Total stockholders' equity $3,283,000 Answer the following questions (a) How many shares of common stock are outstanding? Shares of common stock outstanding (b) Assuming there is a stated value, what is the stated value of the common stock? shares The stated value of the common stock per share
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