Stockholders equity: 6% preferred stock, $100 par value, .............................................$20,000,000 500,000 shares authorized. Common stock, $10 par value,.......................................................$16,000,000 3,000,000 shares authorized Additional paid-in capital: Preferred stock............................................... $400,000 Common stock................................................$25,600,000 $ 26,000,000 Retained earnings.............................................................................$4,500,000 Total stockholders’ equity...............................................................$66,500,000 a)“6% preferred stock, $100 par value”. Explain the meaning of this sentence in your own words b)How many shares of preferred stock have been issued? c)How many shares of common stock have been issued?
Stockholders equity:
6% preferred stock, $100 par value, .............................................$20,000,000
500,000 shares authorized.
Common stock, $10 par value,.......................................................$16,000,000
3,000,000 shares authorized
Additional paid-in capital:
Preferred stock............................................... $400,000
Common stock................................................$25,600,000 $ 26,000,000
Total stockholders’ equity...............................................................$66,500,000
- a)“6% preferred stock, $100 par value”. Explain the meaning of this sentence in your own words
- b)How many shares of preferred stock have been issued?
- c)How many shares of common stock have been issued?
- d)How much dividends to the preferred stockholderes receive?
- e)What is the market price of the common stock?
- f)What is the total amount of legal capital?
- g)What is the total paid-in capital?
- h)What is the book value per share of common stock?(Assume no dividends in arrears)
- i)What is the book value per share of common stockassuming that dividends are one year in arrears?
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