Chapter 11, Problem 1ACOMP

1.

To determine

Determine the payment made to the holders of preferred stock and common stock.

2.

To determine

Determine the number of shares of common stock that was outstanding

3.

To determine

Describe the financial effect of sale of 1,000 shares of treasury stock for $5 more than it paid.

4.

To determine

Describe the financial statement effect if Company R declares and issued a 2-for-1 stock split.