Question
. The Walter Company has the following information in the stockholders equity section of their balance sheet: $5 Preferred Stock $50 par 2,000 shared issued
. The Walter Company has the following information in the stockholders equity section of their balance sheet:
$5 Preferred Stock $50 par 2,000 shared issued and outstanding
Common Stock $2 par, 500,000 shares authorized, 200,000 shares issued
160,000 shares outstanding
Paid in Capital in Excess of Par Common Stock
Other Paid in Capital 50,000
Total Paid in Capital ____________
Retained Earnings 250,000
Treasury Stock @ Cost ____________
Total Stockholders Equity ____________
Other information:
The amount paid for one share of preferred stock is $200.
The amount paid for one share of common stock is $10.
The amount paid for one share of treasury stock is $8.
Determine the following (40 Points)
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What is the $ amount in the Preferred Stock account?
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What is the $ amount in the Paid in Capital in Excess of par account?
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What is the $ amount in the Common Stock account?
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What is the $ amount in the Paid in Capital in Excess of par account?
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What it Total Paid in Capital?
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How many shares of Treasury stock?
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What is the $ amount of Treasury Stock?
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What is Total Stockholders Equity?
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What is another way of writing the Preferred Stock line?
What is the ordinary dividend for Preferred Stock?
***Really need help with this problem
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