Determine the number of shares of preferred stock issued

Assignment Help Accounting Basics
Reference no: EM133114849

Question - Analysis of Stockholders' Equity - The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $50 par value, 5,000 shares authorized, ? shares issued

$250,000

Common stock, ? par, 10,000 shares authorized, 6,000 shares issued

60,000

Additional paid-in capital-Preferred

7,000

Additional paid-in capital-Common

360,000

Additional paid-in capital-Treasury stock

1,400

Total contributed capital

$678,400

Retained earnings

40,000

Treasury stock, preferred, 200 shares

(6,200)

Total stockholders' equity

$ ?

Required - Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.

1. The number of shares of preferred stock issued.

2. The number of shares of preferred stock outstanding.

3. The average per-share sales price of the preferred stock when issued.

5. The average per-share sales price of the common stock when issued.

7. The total stockholders' equity.

8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value.

Reference no: EM133114849

Questions Cloud

Investing in stock w : You are considering investing in stock W. It has just paid a dividend of £1.371.37 and you estimate that dividends in the company will grow at a rate of 4%4% pe
What are stocks and bonds : What are stocks and bonds? Describe how you could estimate their values. If you are investing in the stock market, which would you invest in and why?
Concepts of how retailers have evolved : 3. Look at the concepts of how retailers have evolved. Provide an example of one retailer who has evolved and become more market oriented in the process. Please
Information in the investment memo : Based on the information in the investment memo, what do you think are the top 3 risks facing Telco Exchange?
Determine the number of shares of preferred stock issued : Analysis of Stockholders' Equity - Determine the number of shares of preferred stock issued based on Eldon's balance sheet
Why is the irp concept important : 1) Explain in your own words what Interest Rate Parity is. Why is the IRP concept important?
How much money did the company receive : ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 5 million shares of common stock, and the underwriting fees we
What is the present value of share : Takuma is valuing the stock of the Paloma Company which manufactures machine tools. The firm is just about to pay a dividend of $2 per share. This is expected t
What is the december balance in aspen investment : If all companies use the equity method for internal reporting purposes, what is the December 31, 2017, balance in Aspen's Investment

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd