Analysis of stockholders equitystar corporation issued both

Reference no: EM13583574

Analysis of stockholders' equity,Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow:
20X6 20X5

Preferred stock, $100 par value, 10% $580,000 $500,000
Common stock, $10 par value 2,350,000 1,750,000
Paid-in capital in excess of par value
Preferred 24,000 %u2014
Common 4,620,000 3,600,000
Retained earnings 8,470,000 6,920,000
Total stockholders' equity $16,044,000 $12,770,000

a. Compute the number of preferred shares that were issued during 20X6.

b. Calculate the average issue price of the common stock sold in 20X6.

c. By what amount did the company's paid-in capital increase during 20X6?

d. Did Star's total legal capital increase or decrease during 20X6? By what amount?

Reference no: EM13583574

Questions Cloud

Kelly company sells its only product for 9 per unit : kelly company sells its only product for 9 per unit variable production costs are 3 per unit and selling and

A certain wire has a resistance of 150 o what is the : a certain wire has a resistance of 150 o. what is the resistance of a second wire made of the same material that is 14

Discuss the relationship between occupational science and : discuss the relationships between occupational science occupational therapy and community health and

Choose one of the non-heme based oxygen transport proteins : choose one of the non-heme based oxygen transport proteins i.e. not hemoglobin or myoglobin. sketch the oxygen binding

Analysis of stockholders equitystar corporation issued both : analysis of stockholders equitystar corporation issued both common and preferred stock during 20x6. the stockholders

When 928 v is applied across a wire that is 98 m long and : when 92.8 v is applied across a wire that is 9.8 m long and has a 0.32 mm radius the magnitude of the current density

Which cobalt complex is least likely to be reduced by an : consider reduction of the following cobalt complexes conh35l3 l pyridine i nc5h4-p-ch2nh2 ii nc5h4-p-conh2 iii by

Venus chocolate company processes chocolate into candy bars : venus chocolate company processes chocolate into candy bars. the process begins by placing direct materials raw

A charged capacitor is connected to a resistor and a switch : a charged capacitor is connected to a resistor and a switch as in the figure below. the circuit has a time constant of

User Account

All Pages