Reference no: EM132615534

The year-end balance sheet of Samsung Inc. includes the following stockholders' equity section (with certain details omitted)

Stockholders' equity

7½% cumulative preferred stock, $100 par value, callable at $105,

100,000 shares authorized $2,400,000

Common stock, $2 par value, 900,000 shares authorized $ 900,000

Additional paid in capital on common stock $ 8,325,000

Donated capital $ 300,000

Retained earnings $ 2,595,000

Total stockholders' equity $14,940,000

From this information, compute answers of following questions

Question 1. How many shares of preferred stock have been issued and the total amount of dividend paid to preferred stockholders?

Question 2. What is the average issuance price of per share of common stock?

Question 3. What is the book value per share of common stock?

Question 4. The company used 2 for 1 stock split (only for common stocks), prepare memorandum entry to record the event and compute the book value per share.

Question 5. The company has repurchased 5000 common stocks @ $20 each, prepare the entry and to compute the book value.