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350,000 Kell Corporation Stockholders Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares


1. How many shares of common stock are outstanding? 2. Assuming there is a stated value, what is the stated value of the comm
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Question No. Answer Calculation
1 39000 40000-1000
2 $       4.00 160000/40000
3 $    50.00 350000/7000
4 9.00% 31500/350000
5 $    57.00 (350000+49000)/7000
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