Stockholders' equity Paid-in capital Preferred stock, cumulative, 11,500 shares authorized, 6,900 shares issued and outstanding Common stock, no par, 748,707 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,700 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding (b) Wouldn't the stated value be net of the treasury stock? The stated value of the common stock $ shares per share $690,000 1,737,000 2,427,000 1,192,000 3,619,000 30,400 $3,588,600
Stockholders' equity Paid-in capital Preferred stock, cumulative, 11,500 shares authorized, 6,900 shares issued and outstanding Common stock, no par, 748,707 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,700 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding (b) Wouldn't the stated value be net of the treasury stock? The stated value of the common stock $ shares per share $690,000 1,737,000 2,427,000 1,192,000 3,619,000 30,400 $3,588,600
Chapter1: Financial Statements And Business Decisions
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