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The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows Stockholders' Equity Paid-in capital Preferred stock,
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows Stockholders' Equity Paid-in capital Preferred stock, ? par value, 4% cumulative 190,000 shares authorized, 49,000 shares issued $490,000 and outstanding Common stock, $15 stated value, 240,000 shares authorized, 49,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common 735,000 39,000 147,000 Total paid-in capital Retained earnings 1,411,000 340,000 Total stockholders' equity $1,751,000 Note: The market value per share of the common stock is $30, and the market value per share of the preferred stock is $21 Required a. What is the par value per share of the preferred stock? Par value per share b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) Dividend per share c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to 2 decimal places.) Average issue price per share e. If Mann declares a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? What amount will be transferred from the retained eamings account because of the stock split? Theoretically, what will be the market price of the common stock immediately after the stock split? Shares outstanding after the split Amount transferred form retained earmings Market price of common stock after split
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