Raphael Corporation’s balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value,...
Raphael Corporation’s balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 75,000 Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 100,000 Retained earnings 330,000 Total stockholders' equity $ 505,000 1. What are the par values of the corporation’s preferred stock and its common stock?
There's no stated par value or common stock amount but each example I've seen has those amounts stated. How do I go about finding what those amounts are? I'm really struggling understanding this.
Homework Answers
Please see below step to determine per value of Preferred Shares + Common Stock
| Raphael Corporation- Balance sheet | |||||||
| Amount ($) | |||||||
| Preferred Stock-5% Cumulative $----par Value | |||||||
| 1000 shares Authorised, issued and Outstanding | 75,000 | ||||||
| Common Stock $---- par value | |||||||
| 4000 shares Authorised, issued and Outstanding | 1,00,000 | ||||||
| Retained Earnings | 3,30,000 | ||||||
| Total Stock holders Equity | 5,05,000 | ||||||
| Calculate Par Value | |||||||
| Preferred Stock | 75 | ( Preferred Stock Value -75000)/ No. Of shares (1000) | |||||
| Common Stock | 25 | ( Common Stock Value -100000)/ No. Of shares (4000) | |||||
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Raphael Corporation’s balance sheet shows the following
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the following:
Preferred stock—6% cumulative, $25 par value,
10,000 shares issued and outstanding
$
250,000
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issued and outstanding
400,000
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$
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This year's dividends on preferred stock have been paid. Determine
the book value per share of common stock under two separate
situations.
1. No preferred dividends are in arrears.
2. Three years of preferred dividends are in
arrears....
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