None The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31, Year 2, is as follows.Stockholders' EquityPaid-in capitalPreferred stock, ? par value, 6% cumulative,100,000 shares authorized, 10,000 shares issued andPaid-in capital in excess of par-Preferredoutstanding$200,000Common stock, $10 stated value, 200,000 shares authorized,100,000 shares issued and ?? shares outstanding1,000,00025,000500,000$1,725,000420,000(13,000)Paid-in capital in excess of stated value-CommonTotal paid-in capitalRetained earningsTreasury stock, 1,000 sharesTotal stockholders' equity$2,132,000Note: The market value per share of the common stock is $42, and the market value per share of the preferred stock is $26.Requireda. What is the par value per share of the preferred stock?b. What is the dividend per share on the preferred stock?c. What is the number of common stock shares outstanding?d. 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 would be outstanding after thesplit? What amount would be transferred from the Retained Earnings account because of the stock split? Theoretically, what would bethe market price of the common stock immediately after the stock split?Complete this question by entering your answers in the tabs below.Req 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?Note: Round your answer to 2 decimal places.c. What is the number of common stock shares outstanding?d. What was the average issue price per share (price for which the stock was issued) of the common stock?a. Par valueb. Dividendper shareper shareShow less

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The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31, Year 2, is as follows. Stockholders' Equity Paid-in capital Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized, 10,000 shares issued and outstanding $200,000 Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Treasury stock, 1,000 shares Total stockholderst 1,000,000 25,000 500,000 $1,725,000 420,000 (13,000)

The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31, Year 2, is as follows. Stockholders' Equity Paid-in capital Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized, 10,000 shares issued and outstanding $200,000 Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Treasury stock, 1,000 shares Total stockholderst 1,000,000 25,000 500,000 $1,725,000 420,000 (13,000)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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