Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

$ 561,000 2,870,000 3,431,000 1,179,000 4,610,000 30,933 $4,579,067 CHEYENNE COR

ID: 2532892 • Letter: #

Question

$ 561,000 2,870,000 3,431,000 1,179,000 4,610,000 30,933 $4,579,067 CHEYENNE CORP.
Balance Sheet (partial) Stockholders’ equity    Paid-in capital       Preferred stock, cumulative, 9,167 shares authorized, 5,500 shares issued and outstanding $ 561,000       Common stock, no par, 742,241 shares authorized, 574,000 shares issued 2,870,000    Total paid-in capital 3,431,000    Retained earnings 1,179,000         Total paid-in capital and retained earnings 4,610,000    Less: Treasury stock (5,800 common shares) 30,933 Total stockholders’ equity $4,579,067

Explanation / Answer

a) Common stock outstanding = 574000-5800 = 568200 shares

b) Stated value of per common stock = 2870000/574000 = 5 per share

c) Par value of per preferred stock = 561000/5500 = 102 per share

d) Dividend rate = 39270*100/561000 = 7%

e) The retained earning balance = 1179000-71700 = 1107300

Related Questions

#include<stdio.h> #include<malloc.h> void main() { char *a = \"hey\"; free( a );
Question #3871376
#include<stdio.h> #include<math.h> //declaring function prototypes void fillArra
Question #662539
#include<stdio.h> #include<math.h> int counter(char *s) { char *p = s; int sum =
Question #1800921
#include<stdio.h> #include<math.h> int counter(char *s) { char *p = s; int sum =
Question #1929321
#include<stdio.h> #include<math.h> int main() { int firstx; int firsty; int seco
Question #3608902
#include<stdio.h> #include<stdlib.h> #define MAX 20 void calculateAndPrintData(f
Question #3697920
#include<stdio.h> #include<stdlib.h> #include<pthread.h> #define NTHREADS 10 pth
Question #3864562
#include<stdio.h> #include<stdlib.h> #include<stdint.h> #include<stdbool.h> #inc
Question #2248192

Navigate

Previous
$ 54,000 Cash Operating expenses Land Accumulated depreciation Accounts payable
Next
$ 66,000 Direct materials used Calculate the cost of goods manufactured. Strike

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.