Question
The stockholders equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred
The stockholders equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $5,000 Common stock, $1 par value 20,000 Additional paid-in capital 575,000 Total paid-in capital 600,000 Retained earnings 278,000 Treasury stock, 10,000 common shares (220,000) Total stockholders' equity $658,000 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. Remember that all amounts are presented in thousands. Required: 1. How many shares of preferred stock have been issued?
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