How many shares of preferred stock have been issued

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Question - The stockholders' equity section of Mia Bhd statement of financial position appears as follow:

Stockholders' equity: RM

RM6.00 preferred stock, RM100.00 par value, callable at

RM102.00 per share, 200,000 shares authorized 12,000,000.00

Common stock, RM5.00 par value, 5,000,000 shares authorized 14,000,000.00

Additional paid-in capital:

Preferred stock 360,000.00

Common stock 30,800,000.00 31,160,000.00

Retained earnings 2,680,000.00

Total stockholders' equity 59,840,000.00

REQUIRED - On the basis of this information, answer the following questions and show any necessary supporting computations:

1. How many shares of preferred stock have been issued?

2. What is the total annual dividend requirement on the outstanding preferred stock?

3. How many shares of common stock have been issued?

4. What was the average price per share received by the corporation for its common stock?

5. What is the total amount of legal capital?

6. What is the total paid-in capital?

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

Reference no: EM132821465

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