eek 6: Chapter 11- Homework
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The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31, Year 1, is as follows.
stockholders' Equity
Paid in capital
Required
a. What is the par value per share of the preferred stock?
b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places)
Preferred stock,pap value, et cumulative, 100,000 shares authorized, 10,000 shares
issued and outstanding
Common stock, 310 stated value, 200,000 shares authorized, 100,000 shares issued and
outstanding
Paid in capital in excess of par Preferred
Paid in capital in excess of stated value-Common
Total paid in capital
Retained earning
Total stockholders' equity
Note: The market value per share of the common stock is $42, and the market value per share of the preferred stock is $28.
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$125,00
420,099
e. What was the average issue price per share price for which the stock was issued) of the common stock?
est if Mann declares a 2-for-t stock split on the common stock, how many shares will be outstanding after the spit?
e-2. What amount will be transferred hom the retained earnings account because of the stock split?
e-3. Theoretically, what will be the market price of the common stock immediately after the stock split?
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