Wat is the average issue price per share of common stock

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Reference no: EM13599525

Below is the stockholders' equity section of Nexis Corporation dated 12/31/X0 with some information missing: Stockholders' Equity: Preferred stock - 10%, par value $50; 100,000 shares authorized, $ 450,000 _______ shares issued and outstanding. Common stock - $____par value, 100,000 shares authorized, $1,000,000 20,000 shares issued and outstanding. Paid-in capital in excess of par value - preferred stock $ 270,000 Paid-in capital in excess of stated value - Common stock $ 150,000 Retained Earnings $ 400,000 QUESTIONS:

a. What is total stockholders' equity?

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

c. What is the par value of common stock?

d. What is the average issue price per share of common stock? Hint: for this part and part e, you should review the entries completed in 1a and 1c and the issue price is the price received per share, which is generally larger than par value per share.

e. What is the average issue price per share of preferred stock?

f. What is total paid-in capital (i.e., Contributed capital)?

g. If this firm declared a dividend equal to the annual preferred dividend plus $1 per share to common stockholders, what would be the total dividend declared?

Reference no: EM13599525

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