The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders’ Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 130,000 shares authorized, 43,000 shares issued and outstanding$516,000 Common stock, $12 stated value, 180,000 shares authorized, 43,000?? shares issued and outstanding 516,000 Paid-in capital in excess of par—Preferred 33,000 Paid-in capital in excess of stated value—Common 258,000 Total paid-in capital 1,323,000 Retained earnings 280,000 Treasury stock, 1,000 shares (28,000)Total stockholders’ equity $1,575,000 Note: The market value per share of the common stock is $32, and the market value per share of the preferred stock is $15. RequiredWhat is the par value per share of the preferred stock?What is the dividend per share on the preferred stock?What is the number of common stock shares outstanding?What was the average issue price per share (price for which the stock was issued) of the common stock?If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the market price of the common stock immediately after the stock split? O Login | National UniversityInstitution PageO Question 5 - 8: Corporations, Pr XC Q.5 A Sole Proprietorship Was S Xb My Questions | bartlebyx +->A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Fnu.blackboard.com%252Fwebapps%252Fblackboard%252Fexecut. QE AppsYouTubeМapsM GmailNewsTranslateReading list8: Corporations, Proprietorships, and Corporations iHelpSave & ExitSubmitSaved3Check my workYou have FIVE MINUTES remaining to complete your work. O5b. What is the dividend per share on the preferred stock?c. What is the number of common stock shares outstanding?12.14d. What was the average issue price per share (price for which the stock was issued) of the common stock?pointsf. If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares will be outstanding after thesplit? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be themarket price of the common stock immediately after the stock split?00:03:00еВookComplete this question by entering your answers in the tabs below.PrintReq A to DReq Fa.What is the par value per share of the preferred stock?b.What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.)c. What is the number of common stock shares outstanding? (Round your answer to nearest whole dollar.)d.What was the average issue price per share (price for which the stock was issued) of the common stock?ReferencesShow less Aa. Par valueper shareb. Dividendper sharec. Common stocksharesd. Average issue priceper share< Reg A to DReq F >McGrawHill< Prev5 of 7Next >...11:55 PMO Type here to searchw5/30/2021... O Login | National UniversityInstitution PageO Question 5 - 8: Corporations, Pr XC Q.5 A Sole Proprietorship Was S Xb My Questions | bartlebyx +->A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnu.blackboard.com%252Fwebapps%252Fblackboard%252Fexecut.. QE AppsYouTubeМasM GmailNewsTranslateReading list8: Corporations, Proprietorships, and Corporations iHelpSave & ExitSubmitSaved3Check my workYou have FIVE MINUTES remaining to complete your work. ®5Requireda. What is the par value per share of the preferred stock?12.14b. What is the dividend per share on the preferred stock?pointsc. What is the number of common stock shares outstanding?00:02:51d. What was the average issue price per share (price for which the stock was issued) of the common stock?f. If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares will be outstanding after thesplit? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be themarket price of the common stock immediately after the stock split?еВookPrintComplete this question by entering your answers in the tabs below.ReferencesReg A to DReq FIf Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares will be outstanding afterthe split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, whatwill be the market price of the common stock immediately after the stock split?Shares outstanding after the splitAmount transferred form retained earningsMarket price of common stock after split< Req A to DReq F >McGrawHill< Prev5 of 7Next >...11:56 PMO Type here to searchw5/30/2021...

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The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders’ Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 130,000 shares authorized, 43,000 shares issued and outstanding $ 516,000 Common stock, $12 stated value, 180,000 shares authorized, 43,000?? shares issued and outstanding 516,000 Paid-in capital in excess of par—Preferred 33,000 Paid-in capital in excess of stated value—Common 258,000 Total paid-in capital 1,323,000 Retained earnings 280,000 Treasury stock, 1,000 shares (28,000 ) Total stockholders’ equity $ 1,575,000 Note: The market value per share of the common stock is $32, and the market value per share of the preferred stock is $15. Required What is the par value per share of the preferred stock? What is the dividend per share on the preferred stock? What is the number of common stock shares outstanding? What was the average issue price per share (price for which the stock was issued) of the common stock? If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the market price of the common stock immediately after the stock split?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows.


Stockholders’ Equity
Paid-in capital
Preferred stock,? par value, 5% cumulative,
130,000 shares authorized, 43,000 shares issued and outstanding	$	516,000
Common stock, $12 stated value, 180,000 shares authorized, 43,000?? shares issued and outstanding		516,000
Paid-in capital in excess of par—Preferred		33,000
Paid-in capital in excess of stated value—Common		258,000
Total paid-in capital				1,323,000
Retained earnings				280,000
Treasury stock, 1,000 shares				(28,000	)
Total stockholders’ equity			$	1,575,000

Note: The market value per share of the common stock is $32, and the market value per share of the preferred stock is $15.

Required

What is the par value per share of the preferred stock?

What is the dividend per share on the preferred stock?

What is the number of common stock shares outstanding?

What was the average issue price per share (price for which the stock was issued) of the common stock?

If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the market price of the common stock immediately after the stock split?

O Login | National University
Institution Page
O Question 5 - 8: Corporations, Pr X
C Q.5 A Sole Proprietorship Was S X
b My Questions | bartleby
x +
->
A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Fnu.blackboard.com%252Fwebapps%252Fblackboard%252Fexecut. Q
E Apps
YouTube
Мaps
M Gmail
News
Translate
Reading list
8: Corporations, Proprietorships, and Corporations i
Help
Save & Exit
Submit
Saved
3
Check my work
You have FIVE MINUTES remaining to complete your work. O
5
b. What is the dividend per share on the preferred stock?
c. What is the number of common stock shares outstanding?
12.14
d. What was the average issue price per share (price for which the stock was issued) of the common stock?
points
f. If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares will be outstanding after the
split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the
market price of the common stock immediately after the stock split?
00:03:00
еВook
Complete this question by entering your answers in the tabs below.
Print
Req A to D
Req F
a.What is the par value per share of the preferred stock?
b.What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.)
c. What is the number of common stock shares outstanding? (Round your answer to nearest whole dollar.)
d.What was the average issue price per share (price for which the stock was issued) of the common stock?
References
Show less A
a. Par value
per share
b. Dividend
per share
c. Common stock
shares
d. Average issue price
per share
< Reg A to D
Req F >
Mc
Graw
Hill
< Prev
5 of 7
Next >
...
11:55 PM
O Type here to search
w
5/30/2021
...

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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