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The stockholders' equity section of Grouper Corp.'s balance sheet at December 31 is presented here. GROUPER CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred
The stockholders' equity section of Grouper Corp.'s balance sheet at December 31 is presented here. GROUPER CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 9,500 shares authorized, 5,700 shares issued and outstanding Common stock, no par, 749,000 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings $587,100 2,895,000 3,482,100 1,200,000 4,682,100 Total paid-in capital and retained earnings Less: Treasury stock (6,800 common shares) Total stockholders' equity 36,300 $4,645,800 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
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