The stockholders’ equity section of indigo corporation’s balance sheet at december 31 is presented here. indigo corporationbalance sheet (partial)stockholders’ equity paid-in capital preferred stock, cumulative, 11,833 shares authorized, 7,100 shares issued and outstanding $ 710,000 common stock, no par, 717,672 shares authorized, 555,000 shares issued 1,665,000 total paid-in capital 2,375,000 retained earnings 1,151,000 total paid-in capital and retained earnings 3,526,000 less: treasury stock (7,000 common shares) 37,333total stockholders’ equity $3,488,667from a review of the stockholders’ equity section, answer the following questions.(a) how many shares of common stock are outstanding? common stock outstanding shares(b) assuming there is a stated value, what is the stated value of the common stock? the stated value of the common stock $per share(c) what is the par value of the preferred stock? the par value of the preferred stock $per share(d) if the annual dividend on preferred stock is $49,700, what is the dividend rate on preferred stock? the dividend rate %(e) if dividends of $71,400 were in arrears on preferred stock, what would be the balance reported for retained earnings? the retained earnings balance $

a) shares outstanding:  548,000

b) $3 per share

c) $10 per share

d) 7% return

e) zero as if there were retained earnings they should be used to pay the dividends in arrears to preferred stock

Explanation:

issued shares: 555,000

treasury stock:    (7,000)  

outstanding      548,000

b)

common stock balance: $ 1,665,000

shares issued:                       555,000

face value per share:                      $3  

c) 710,000 preferred stock blaance / 7,100 shares = 100

d)

dividend/face value of preferred stock:

 49,700 / 710,000 = 0.07

answerservice script;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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