Analysis of stockholders equity star corporation issued

Reference no: EM13589685

1. Analysis of stockholders' equity Star Corporation issued both common and preferred stock during 20X8. The stockholders' equity sections of the company's balance sheets at the end of 20X8 and 20X7 follow.

	20X8	20X7
Preferred stock, $100 par value, 10%	$600,000	$500,000
Common stock, $10 par value	2,350,000	1,550,000

Paid-in capital in excess of par value
Preferred	24000	-
Common	4,620,000	3,600,000
Retained earnings	8,470,000	6,920,000
Total stockholders' equity	$16,064,000	$12,570,000

a.Compute the number of preferred shares that were issued during 20X8.

b. Calculate the average issue price of the common stock sold in 20X8.

c. By what amount did the company's paid-in capital increase during 20X8?Did Star's total legal capital increase or decrease during 20X8? By what amount?

Reference no: EM13589685

Questions Cloud

How many grams of sodium lactate ch3chohcoona should be : question how many grams of sodium lactate ch3chohcoona should be added to 1.00 l of .160 m lactic acid ch3chohcooh to

Adjusting entries stephen king dds opened a dental practice : adjusting entries stephen king d.d.s. opened a dental practice on january 1 2010. during the first month of operations

Bumpas enterprises purchases 4562500 in goods per year : bumpas enterprises purchases 4562500 in goods per year from its sole supplier on terms of 215 net 50. if the firm

Hubert tax service offers tax and consulting services to : hubert tax service offers tax and consulting services to individuals and small businesses. data for fees and costs of

Analysis of stockholders equity star corporation issued : 1. analysis of stockholders equity star corporation issued both common and preferred stock during 20x8. the

Suppose the current flowing from a battery is used to : question suppose the current flowing from a battery is used to electroplate an object with silver. calculate the mass

During the fiscal year ended 2010 a company had revenues : during the fiscal year ended 2010 a company had revenues of 390000 expenses of 250000 and an income tax rate of 36

The harp company produced 8600 units of a product that : the harp company produced 8600 units of a product that required 3.25 standard hours per unit. the standard fixed

How many moles of h2 gas would be formed from the : water can be separated into hydrogen and oxygen gases by using electricity to break the bonds in a process called

User Account

All Pages