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The year-end balance sheet of Ft. Smith Products includes the following equity section #2. The year-end balance sheet of Ft. Smith Products includes the following
The year-end balance sheet of Ft. Smith Products includes the following equity section #2. The year-end balance sheet of Ft. Smith Products includes the following equity section: Stockholders' equity: 7.5% curmulative preferred stock, $100 par value, 100,000 shares authorized: Common stock, $2 par value, 900,000 shares authorized Additional paid-in capital, common stock: Retained earnings: $2,400,000 $900,000 S325,000 $2,595,000 Total stockholders' equity: $14,220,000 Instructions From this information, compute answers to the following questions: How many shares of preferred stock have been issued if there is no additional paid-in a. capital, preferred stock? b. What is the total amount of the annual dividends for preferred stockholders? c. How many shares of common stock are outstanding? d. What was the average issuance price per share of common stock? e. What is the amount of legal capital? What is the total amount of paid-in capital? What is the book value per share of common stock? (There are no dividends in arrears.) g
The year-end balance sheet of Ft. Smith Products includes the following equity section
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