Question
The stockholders equity section of the balance sheet of Kristopher Corporation appears below: Stockholders' Equity: Preferred stock, 8%, cumulative, $100 par value 5,000 shares authorized,
The stockholders equity section of the balance sheet of Kristopher Corporation appears below:
Stockholders' Equity: | ||
Preferred stock, 8%, cumulative, $100 par value | ||
5,000 shares authorized, 3,000 shares issued | ||
and outstanding | $300,000 | |
Common stock, $5 par value, 50,000 shares | ||
authorized, 20,000 shares issued and 15,000 | ||
shares outstanding | 100,000 | |
Additional paid in capital, preferred stock | 250,000 | |
Additional paid in capital, common stock | 400,000 | |
Total contributed capital | 1,050,000 | |
Retained earnings | 600,000 | |
1,650,000 | ||
Treasury stock | (115,000) | |
Total stockholders' equity | $1,535,000 |
Required (15 points):
What is the total amount of legal capital?
What is the total amount of dividends paid annually to the preferred stockholders?
What is the average issue price of a share of common stock?
How many shares of treasury stock have been purchased?
The balance in retained earnings at the beginning of the current year had been $458,000.Net income for the current year was $188,000.How much in total dividends was declared during the year?
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