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The stockholders' equity section of Carla Vista Corporation at December 31 is as follows. CARLA VISTA CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred
The stockholders' equity section of Carla Vista Corporation at December 31 is as follows. CARLA VISTA CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, 10,000 shares authorized, 6,000 shares issued and outstanding $300,000 Common stock, no par, 750,000 shares authorized, 275,000 shares issued 1,650,000 Total paid-in capital 1,950,000 Retained earnings 2,060,000 Total paid-in capital and retained earnings 4,010,000 Less: Treasury stock (5,800 common shares) (66,000) Total stockholders' equity $3,944,000 From a review of the stockholders' equity section, answer the following questions. (a) Your answer is incorrect. How many shares of common stock are outstanding? Outstanding shares shares(b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of common stock $ per share eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (c) What is the par value of the preferred stock? Par value of preferred stock $ per share eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (d) If the annual dividend on preferred stock is $27,000, what is the dividend rate on preferred stock? Dividend rate on preferred stock
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