Homework Answers
1) Preferred stock issued = 500000/50 = 10000 share
2) Common Stock issued = 30000/.10 = 300000 Share
2b) Common Stock outstanding = 300000-5000 = 295000 Share
3) Common Stock amount = 300000*25 = 7500000
Preferred stock share price = (8050000-7500000)/10000 = 55 per share
4) Dividend = 548200+128900-610100 = 67000
5) Cost per share = 150000/5000 = 30 per share
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T Enterprises Balance Sheet (partial) At December 31, Year 4 Stockholders' Equity: Preferred stock (S50 par)...
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please show all the work T Enterprises Balance Sheet (partial) At December 31, Year 4 Stockholders'...
please show all the work
T Enterprises Balance Sheet (partial) At December 31, Year 4 Stockholders' Equity: Preferred stock ($50 par) $500,000 Common stock (S0.10 par) 30.000 Additional Paid in capital 7,520,000 Total paid in capital 8,050,000 Retained earnings 610,100 Treasury stock (5,000 common shares) (150,000) Total stockholders' equity $8,510,100 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3....
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please show all the work
T Enterprises Balance Sheet (partial) At December 31, Year 4 Stockholders' Equity: Preferred stock ($50 par) $500,000 Common stock (S0.10 par) 30.000 Additional Paid in capital 7,520,000 Total paid in capital 8,050,000 Retained earnings 610,100 Treasury stock (5,000 common shares) (150,000) Total stockholders' equity $8,510,100 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3....
31, Stockholders Equity: Preferred stock ($50 par) Common stock ($0.10 par) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (5,000 common shares) Total stockholders' equity $500,000 30,000 7,520,000 8,050,000 610,100 (150,000) $8,510,100 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3. If the common shares were issued at $25 per share, at what average price...
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