examining the stockholders' equity section of the balance sheet

Anonymous
timer Asked: Jan 4th, 2018
account_balance_wallet $5

Question description

The purpose of this assignment is to help you become familiar with examining the stockholders' equity section of the balance sheet.

Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making, Ch. 11

Answer the following questions. You may use the spreadsheet template provided to submit the answers to the questions. If you have any questions please let me know.

  • How many shares of common stock are outstanding?
  • Assuming there is a stated value, what is the stated value of the common stock?
  • What is the par value of the preferred stock?
  • If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?
  • If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

Use the Week 4 Excel® spreadsheet and submit with your answers.

Name Section Date Exercises 11-4 E11-4 Lachlin Corporation (a) (b) (c) (d) (e) 627 xercises 11-4 627

Tutor Answer

TeacherSethGreg
School: UC Berkeley

Attached.

Name
Section
Date
E11-4

(a)

(b)

(c)

Shares issued
580.000
Treasury shares
6.000
Outstanding sh...

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Review

Anonymous
Awesome! Exactly what I wanted.

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