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Problem 11-26A Analyzing the stockholders equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders equity s

Note: The market value per share of the common stock is $38, and the market value per share of the preferred stock is $18. Re

Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 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, 5% cumulative, 160,e00 shares authorized, 46,000 shares issued and outstanding Common stock, $20 stated value, 210,000 shares authorized, 46,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings 3/ $460,000 920, eee 36,000 161,e00 1,577,000 310,e00 Total stockholders' equity $1,887,000
Note: The market value per share of the common stock is $38, and the market value per share of the preferred stock is $18. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to 2 decimal places.) e. If Mann declares a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the market price of the common stock immediately after the stock split? a. Par value per share b. Dividend per share C. Average issue price per share e Shares outstanding after the split Amount transferred form retained earnings Market price of common stock after split
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Answer #1

SSution (a) Par value Tetal prefeed capital ber ahare total ahares isued 460000 $10 pes shase 1 46000 (b) Duideud bes ahane 5

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