The following are the stockholders equity accounts appearing on the balance shee
ID: 2455152 • Letter: T
Question
The following are the stockholders equity accounts appearing on the balance sheet of a corporation on October 31, 2015.
Preferred stock, $50 par value...................$125,000
Paid-in-capital in excess of par on preferred.............$30,000
Common stock, $10 par value........................$300,000
Paid-in-capital in excess of par on common...............$270,000
Retained earnings..............$225,000
How many shares of common stock have been issued?
What was the average issuance price of the common stock?
How many shares of preferred stock have been issued?
What was the average issuance price of the preferred stock?
What is the total paid-in-capital?
What is total stockholders equity?
Explanation / Answer
No of shares issued Preferred Stock 125000/50 2500 Common Stock 300000/10 30000 Total Shares Issued 32500
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