Question 50Marigold Corporation’s December 31, 2018 balance sheet showed the following:8% preferred stock, $20 par value, cumulative, 9200 shares authorized; 7700 shares issued$ 154000Common stock, $10 par value, 1100000 shares authorized; 1050000 shares issued, 1040000 shares outstanding10500000Paid-in capital in excess of par—preferred stock33500Paid-in capital in excess of par—common stock11560000Retained earnings3700000Treasury stock (15200 shares)319200Marigold’s total stockholders’ equity was $26258300. $25658300. $25628300. $25679300.

Stockholders’ equity: The claims of owners on a company’s resources, after the liabilities are…

Answered: Marigold Corporation’s December 31,…

Cornerstones of Financial Accounting

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ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

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Problem 67E: Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its...

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Question 50

Marigold Corporation’s December 31, 2018 balance sheet showed the following:

8% preferred stock, $20 par value, cumulative, 9200 shares
authorized; 7700 shares issued	$ 154000
Common stock, $10 par value, 1100000 shares authorized;
1050000 shares issued, 1040000 shares outstanding	10500000
Paid-in capital in excess of par—preferred stock	33500
Paid-in capital in excess of par—common stock	11560000
Retained earnings	3700000
Treasury stock (15200 shares)	319200

Marigold’s total stockholders’ equity was

$26258300.

$25658300.

$25628300.

$25679300.

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