- -→ Below is a stockholders' equity section of Crimson, Inc.: 6% noncumulative preferred stock $50 par value, 1,000,000 shares authorized, 40,000 shares issued & outstanding $2,000,000 Common stock, $10 par, 10,000,000 authorized, 800,000 shares issued, 750,000 outstanding Additional paid in capital $ 2,000,000 Retained earnings $20,000,000 Treasury stock ($800,000) Total stockholders' equity $21,700,000 $ 8,000,000
- -→ Below is a stockholders' equity section of Crimson, Inc.: 6% noncumulative preferred stock $50 par value, 1,000,000 shares authorized, 40,000 shares issued & outstanding $2,000,000 Common stock, $10 par, 10,000,000 authorized, 800,000 shares issued, 750,000 outstanding Additional paid in capital $ 2,000,000 Retained earnings $20,000,000 Treasury stock ($800,000) Total stockholders' equity $21,700,000 $ 8,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
How much cash did this company recieved when it sold it’s common stock?
![Chegy
- →
Below is a stockholders' equity section of Crimson, Inc.:
6% noncumulative preferred stock $50 par value,
1,000,000 shares
authorized, 40,000 shares issued &
$ 2,000,000
outstanding
Common stock, $10 par, 10,000,000 authorized,
800,000 shares issued, 750,000
outstanding
Additional paid in capital
$2,000,000
Retained earnings
$20,000,000
Treasury
stock
($800,000)
Total stockholders' equity
$21,700,000
$ 8,000,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fadd942ee-f79e-4a36-9f00-66fe52871351%2F682a9fbd-e910-4d74-a59b-dd993ea8b83e%2Fq8n9kct_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chegy
- →
Below is a stockholders' equity section of Crimson, Inc.:
6% noncumulative preferred stock $50 par value,
1,000,000 shares
authorized, 40,000 shares issued &
$ 2,000,000
outstanding
Common stock, $10 par, 10,000,000 authorized,
800,000 shares issued, 750,000
outstanding
Additional paid in capital
$2,000,000
Retained earnings
$20,000,000
Treasury
stock
($800,000)
Total stockholders' equity
$21,700,000
$ 8,000,000
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