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The stockholders equity section of Bramble Corp's balance sheet at December 31 is presented here. $787.500 BRAMBLE CORP Balance Sheet (partial) Stockholders' equity Pald.in capital
The stockholders equity section of Bramble Corp's balance sheet at December 31 is presented here. $787.500 BRAMBLE CORP Balance Sheet (partial) Stockholders' equity Pald.in capital Preferred stock, cumulative, 12,500 shares authorized. 7.500 shares issued and outstanding Common stock, no par. 735,000 shares authorized, 565,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,900 common shares) Total stockholders equity 2,260,000 3,047.500 1,158,000 4,205,500 36,800 $4,168,700 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 (ah) if the annual dividend on preferred stock is $47,250, what is the dividend rate on preferred stock? The dividend rate te) if dividends of $73,800 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $
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