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Business, 30.11.2019 04:40 sadmomsclub

Balance sheet (partial) stockholders’ equity paid-in capital preferred stock, cumulative, 11,833 shares authorized, 7,100 shares issued and outstanding $ 710,000 common stock, no par, 717,672 shares authorized, 555,000 shares issued 1,665,000 total paid-in capital 2,375,000 retained earnings 1,151,000 total paid-in capital and retained earnings 3,526,000 less: treasury stock (7,000 common shares) 37,333 total stockholders’ equity $3,488,667 from a review of the stockholders’ equity section, answer the following questions.
(a) how many shares of common stock are outstanding?
common stock outstanding 543000 shares
(b) assuming there is a stated value, what is the stated value of the common stock?
the stated value of the common stock $ per share
(c) what is the par value of the preferred stock?
the par value of the preferred stock $ per share
(d) if the annual dividend on preferred stock is $49,700, what is the dividend rate on preferred stock?
the dividend rate %
(e) if dividends of $71,400 were in arrears on preferred stock, what would be the balance reported for retained earnings?
the retained earnings balance $

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Balance sheet (partial) stockholders’ equity paid-in capital preferred stock, cumulative, 11,833 sha...
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