Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 63

The year-end balance sheet of Ft.mith Products includes the following stockholders' equity section (with certain details omitted):

Instructions
From this information, compute answers to the following questions:
a.ow many shares of preferred stock have been issued
b.hat is the total amount of the annual dividends paid to preferred stockholders
c.ow many shares of common stock are outstanding
d.hat was the average issuance price per share of common stock
e.hat is the amount of legal capital
f.hat is the total amount of paid-in capital
g.hat is the book value per share of common stock (There are no dividends in arrears.)
h.ssume that retained earnings at the beginning of the year amounted to $717,500 and that net income for the year was $3,970,000.hat was the dividend declared during the year on each share of common stock (Hint: Net income increases retained earnings, whereas dividends decrease retained earnings.)