c. What was the average issue price UI CUP The year-end balance sheet of Columbus Products,...
The year-end balance sheet of Columbus Products, Inc., includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5 par value, 5,000,000 shares authorized, 3,900,000 shares issued and outstanding 19,500,000 Additional paid-in capital: Common stock 49,000,000 Retained earnings 64,450,000 Total stockholders’ equity $ 147,950,000 From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What...
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1 The year-end balance sheet of Columbus Products, Inc., includes the following stockholders' equity section (with certain details omitted). Stockholders' equity: Capital stockı 78 cumulative preferred stock, $100 par value Common stock, $5 par value, 5,000,000 shares authorized, 3,600,000 ahares issued and outstanding Additional paid-in capitalı Common stock Retained earnings 20 points $ 13,000,000 18,000,000 44,000,000 eBook 64,450,000 Total stockholders' equity $139,450,000 References From this information, compute answers...
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Chapter 11 Stockholders' Equity: Paid-In Capital Stockholders' equity Capital stock 7% cumulative preferred stock, $100 par value . . . . . . . . . . . . . . . . . . . . Common stock, $5 par value, 5,000,000 shares $ 15,000,000 20,000,000 44,000,000 64,450.6 Additional paid-in capital: Hetained earnings $143,450,000 From this information, compute answers to the following questions: a. How many shares of preferred stock have been issued? b. What is the...
The year-end balance sheet of Ft. Smith Products includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: 7 1/2% cumulative preferred stock, $100 par value, 100,000 shares authorized $ 2,300,000 Common stock, $2 par value, 900,000 shares authorized 900,000 Additional paid-in capital: common stock 8,100,000 Retained earnings 2,595,000 Total stockholders' equity $ 13,895,000 Required: From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the...
Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5 par value, 5,000,000 shares authorized, 4,400,000 shares issued and outstanding 22,000,000 Additional paid-in capital: Common stock 42,000,000 Retained earnings 64,450,000 Total stockholders’ equity $ 143,450,000 From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends to which preferred stockholders are entitled? c. What was the...
The year-end balance sheet of Ft. Smith Products includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: 7 1/2% cumulative preferred stock, $100 par value, 100,000 shares authorized $ 2,400,000 Common stock, $2 par value, 900,000 shares authorized 900,000 Additional paid-in capital: common stock 7,800,000 Retained earnings 2,595,000 Total stockholders' equity $ 13,695,000 Required: From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the...
The year-end balance sheet of Ft Smith Products includes the following stockholders' equity section (with certain details omitted). Stockholders' equity: 7 1/2 cumulative preferred stock, $100 par value, 100, eee shares authorized Common stock, $2 par value, 9ee, eee shares authorized Additional paid-in capital: common stock Retained earnings Total stockholders' equity $ 2,4ee,eee 900, cee 9,000,000 2.595, e90 $14,895,888 Required: From this information, compute answers to the following questions a. How many shares of preferred stock have been issued? b....
The Stockholders' Equity section of Foreign Tours Corporation's balance sheet at the close of the current year follows. $ 6,000,000 320,000 Stockholders' Equity Preferred stock (8%, $75 par value, 100,000 shares authorized) At Par Value (80,000 shares issued) Paid-in Capital in Excess of Par Value Common Stock (no-par value, stated value of $5, 1,800,000 shares authorized) At Stated Value Paid-in Capital in Excess of Stated Value Retained Earnings Total Stockholders' Equity 9,000,000 12,600,000 5,600,000 $33,520,000 1-a. What is the amount...
Required information (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, . authorized, issued, and outstanding Common stock-$ and outstanding Retained earnings par value, 1,000 shares $ 60,000 par value, 4,e00 shares authorized, issued, 140,000 400,000 s 600,000 Total stockholders equity 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock Required information (The...
The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders’ Equity Paid-in capital Preferred stock, ? par value, 4% cumulative, 120,000 shares authorized, 42,000 shares issued and outstanding $ 420,000 Common stock, $20 stated value, 170,000 shares authorized, 42,000 shares issued and outstanding 840,000 Paid-in capital in excess of par—Preferred 32,000 Paid-in capital in excess of stated value—Common 105,000 Total paid-in capital 1,397,000 Retained earnings 270,000 Total stockholders’ equity...