uthorized; 36500 shares issued Common stock, $10 par value, 4220000 shares authorized; 120000 shares issued, 4080000 shares outstanding Paid-in capital in excess of par-preferred stock aid-in capital in excess of par-common stock Retained earnings reasury stock (56500 shares) eridan's total paid-in capital was O $54121300. O $97331300. O $94771300. -1000 $730000 41200000 121300 54000000 15380000 1280000
uthorized; 36500 shares issued Common stock, $10 par value, 4220000 shares authorized; 120000 shares issued, 4080000 shares outstanding Paid-in capital in excess of par-preferred stock aid-in capital in excess of par-common stock Retained earnings reasury stock (56500 shares) eridan's total paid-in capital was O $54121300. O $97331300. O $94771300. -1000 $730000 41200000 121300 54000000 15380000 1280000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 67E: Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its...
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Question
![Sheridan Corporation's December 31, 2020 balance sheet showed the following:
8% preferred stock, $20 par value, 56500 shares
authorized; 36500 shares issued
Common stock, $10 par value, 4220000 shares authorized;
4120000 shares issued, 4080000 shares outstanding
Paid-in capital in excess of par-preferred stock
Paid-in capital in excess of par-common stock
Retained earnings
Treasury stock (56500 shares)
Sheridan's total paid-in capital was
$54121300.
O $97331300.
O $94771300.
$96051300.
$ 730000
41200000
121300
54000000
15380000
1280000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f5562d6-49ce-4c9c-a9b7-824e476f5d05%2F0804b965-455d-431c-bbe9-ac667d5b3219%2Fuwlg8pk_processed.png&w=3840&q=75)
Transcribed Image Text:Sheridan Corporation's December 31, 2020 balance sheet showed the following:
8% preferred stock, $20 par value, 56500 shares
authorized; 36500 shares issued
Common stock, $10 par value, 4220000 shares authorized;
4120000 shares issued, 4080000 shares outstanding
Paid-in capital in excess of par-preferred stock
Paid-in capital in excess of par-common stock
Retained earnings
Treasury stock (56500 shares)
Sheridan's total paid-in capital was
$54121300.
O $97331300.
O $94771300.
$96051300.
$ 730000
41200000
121300
54000000
15380000
1280000
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