Question
The stockholders' equity section of the balance sheet of Nautilus Corporation at December 31, 2015, appears as follows: Stockholders' equity 8% cumulative preferred stock, $100
The stockholders' equity section of the balance sheet of Nautilus Corporation at December 31, 2015, appears as follows:
Stockholders' equity
8% cumulative preferred stock, $100 par, 50,000 shares authorized, ?? shares issued $1,400,000
Common stock, $10 par, 500,000 shares authorized, 100,000 shares issued , of which ?? are held in treasury 1,000,000
Additional paid-in capital:
From issuance of preferred stock 344,000
From issuance of common stock 2,835,000
total paid-in capital $5,579,000
Retained earnins ($160,000 equal to cost of treasury stock is not avaialbe for dividends) 1,280,000
$6,859,000
less: treasury stock (at cost: 4,000 common shares) (160,000)
total stockholders equity $6,699,000
Answer the following questions based on the stockholders equity section given above. Each question is a seaprt sitation unless otherwise indicated:
(a) What is the total dollar amoutn paid annually as dividens to preferred stockholders?
(b) What was the average issue pricse per shaer of preferred stock?
(c) What was teha verage issue price per shaer of common stock?
(d) How many shares of common stock are outstanding?
(e) What is teh book value per share of teh common stock?
(f) If all the treaury stock is reissued at a price of $45 pr share, what amount wil be credited to teh account Additonal paid-in capiatl: Treasure Stock Transactions?
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