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The stockholders' equity section of Indigo Corporation's balance sheet at December 31 is presented here: Indigo Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred
The stockholders' equity section of Indigo Corporation's balance sheet at December 31 is presented here: Indigo Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,800 shares authorized, 5,300 shares issued and outstanding $530,000 Common stock, no par, 746,000 shares authorized, 576,000 shares issued Total paid-in capital 1.728,000 Retained earnings Total paid-in capital and retained earnings 2,258,000 Less: Treasury stock (5,000 common shares) 1,152,000 3,410,000 Total stockholders' equity 26.700 $3,383,300 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Commonstock outstanding shares (b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the common stock $ per share (c) What is the par value of the preferred stock? Par value of the preferred stock pershare From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Commonstock outstanding shares (b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the common stock perstiare (c) What is the par value of the preferred stock? Parvalue of the preferred stock pershare (d) If the annual dividend on preferred stock is $42,400, what is the dividend rate on preferred stock? Dividendrate (e) If dividends of $84,800 were in arrears on preferred stock. What would be the balance reported for retained earnings? Balance reported for retained earnings
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