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Solutions:
1.
Par Value of Corporation's Common preferred stock = $80000 / 1000 shares = $80 |
Par Value of corporations Common stock = $100000 / 4000 shares = $25 |
2.
Book value per share of common stock = (Common Stock +retained earning) / number of common shares |
= ($100000+ $370000) / 4000 = $117.50 |
3.
Preferred dividend arrears for 2 years = $80000*5% * 2 = $8000 |
Book value per share for common shares = (100000 + 370000 -8000) / 4000 = $ 115.50 per share |
4.
Preferred dividend= 2 years arrears dividend + Current year dividend = $80000*5%*3 = $12,000 |
Common stock dividend = $17400 - $12000 = $5,400 |
NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :) Required information...
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