Reference no: EM132626161
The year end balance sheet of LaserJet, Inc. includes the following stockholders equity section. Stockholder s equity:
Rs. 8 cumulative preferred stock, Rs. 100 par value, callable at Rs. 103,200,000 shares authorized Rs. 6,000,000
Common stock, Rs. 2 par value, 5,000,000 shares
Authorized:
Issued Rs. 3,600,000
Subscribed 1,400,000 5,000,000
Additional paid in capital
Preferred Rs. 240,000
Common (including subscribed shares) 25,000,000 25,240,000
Retained earnings 3,690,000
Total stockholder s equity Rs. 39,930,000
Assets of the corporation include subscriptions receivable, Rs. 5,600,000.
Requirement:
Question a. How many shares of commons stock have been issued or subscribed?
Question b. What is the total legal capital, including shares subscribed?
Question c. What is the total paid in capital, including shares subscribed?
Question d. What is the book value per share of the common stock, assuming that no dividends in arrears.
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