Question
VInce Corporation's December 31, 2017 balance sheet showed the following: 6%preferred stock, $20 par value cumulative,30,000 shares authorized;20,000 shares issued. $400,000 Common Stock $10 par
VInce Corporation's December 31, 2017 balance sheet showed the following:
6%preferred stock, $20 par value cumulative,30,000 shares authorized;20,000 shares issued. $400,000
Common Stock $10 par value, $3,000,000 shares authorized;1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000
Paid-in capital in excess of par value - preferred stock 60,000
Paid-in capital in excess of par value - common stock 28,000,000
Retained earnings 9,650,000
Treasury stock (30,000 shares) 630,000
a) calculate the total Paid in Capital
b) Calculate the total Stockholders Equity
c) Calculate the treasury stock per share
d) Calculate the Preferred Stock dividend
e) If the Vince Corporation declared and paid an $35,000 dividend on December 31, 2017. How much will preferred stockholders receive? How much will common stockholders receive?
Thanks for the help.
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