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dersnot 1367 1577... dersnot. 1367 1574. IF 212 Handout 2 212 and 12 do EF 212 Final Review Handout QUESTION 1: The year-end balance sheet
dersnot 1367 1577... dersnot. 1367 1574. IF 212 Handout 2 212 and 12 do EF 212 Final Review Handout QUESTION 1: The year-end balance sheet of Tramp Inc. includes the following stockholders' equity section (with certain details omitted): Stockholders' Equity: Preferred stock, cumulative, 10%, S100 par value, 300,000 shares authorized S1.200.000 Additional paid-in capital: Preferred stock----- S100.000 Common stock, S6 par value, 500,000 shares authorized--- S600,000 Additional paid-in capital: Common stock ------ $2.400.000 Retained Earnings------ S1.000.000 Total Stockholders' Equity $5,300,000 Required: Using the information above, provide answers to the following questions: a) How many shares of common stock have been issued? Show your calculations b) What is the amount of total contributed capital? Show your calculations. c) What's the amount of dividends to be paid to the preferred stockholders annually QUESTION 2
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