Business, 06.06.2020 21:59 sahaitong2552
The stockholders’ equity section of Wildhorse Co. at December 31 is as follows. Wildhorse Co. Balance Sheet (Partial) Paid-in capital Preferred stock, cumulative, 12,000 shares authorized, 6,000 shares issued and outstanding $300,000 Common stock, no par, 820,000 shares authorized, 570,000 shares issued 1,140,000 Total paid-in capital 1,440,000 Retained earnings 1,858,000 Total paid-in capital and retained earnings 3,298,000 Less: Treasury stock (11,000 common shares) 72,600 Total stockholders’ equity $3,225,400 From a review of the stockholders’ equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) How many shares of common stock are outstanding? shares (b) Assuming there is a stated value, what is the stated value of the common stock? $ per share (c) What is the par value of the preferred stock? $ per share (d) If the annual dividend on preferred stock is $33,000, what is the dividend rate on preferred stock? % (e) If dividends of $66,000 were in arrears on preferred stock, what would be the balance in Retained Earnings? $
Answers: 2
Business, 22.06.2019 07:30
Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?
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Business, 22.06.2019 11:30
4. chef a says that broth should be brought to a boil. chef b says that broth should be kept at an even, gentle simmer. which chef is correct? a. neither chef is correct. b. chef a is correct. c. both chefs are correct. d. chef b is correct. student c incorrect which is right answer
Answers: 2
The stockholders’ equity section of Wildhorse Co. at December 31 is as follows. Wildhorse Co. Balanc...
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