Analysis of Stockholders’ Equity
Analysis of Stockholders’ Equity
The stockholders’ equity section of Kay Corporation at the end of the current year showed:
1. What is the dollar amount to be reported for preferred stock?
2. What is the average price for which common stock was issued? (Round to the nearest cent.)
3. If preferred stock was issued at an average price of $43 per share, what amount should appear in the paid-in capital in excess of par, preferred stock account?
4. What is the average cost per share of treasury stock? (Round to the nearest cent.)
5. Assuming that the preferred stock was issued for an average price of $43 per share, what is total stockholders’ equity?
6. If net income for the year were $67,000 and if only dividends on preferred stock were paid, by how much would retained earnings increase?
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Answers
Status NEW
Posted 01 May 2017 06:05 PM
My Price 8.00
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file 1493661725-2088431_1_636291908816003458_Analysis-of-stockholders-Equity.xlsx preview (233 words )
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