Reference no: EM132931294
The stockholders' equity section of Lachlin Corporation's balance sheet at December 31 is presented here.
Stockholders' equity
Paid-in capital
Preferred stock, cumulative, 10,000 shares authorized,
6,000 shres issued and outstanding $600,000
Common stock, no par, 750,000 shares authorized,
580,000 shares issued 2,900,000
Total paid-in capital 3,500,000
Retained earnings 1,158,000
Total paid-in capital and retained earnings 4,658,000
Less: Treasury stock (6,000 common shares) 32,000
Total stockholders' equity $4,626,000
Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet
Problem (a) How many shares of common stock are outstanding?
Problem (b) Assuming there is a stated value, what is the stated value of the common stock?
Problem (c) What is the par value of the preferred stock?
Problem (d) If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?
Problem (e) If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?
|
What is molecular mimicry
: What is molecular mimicry? Explain its role in autoimmunity and give an example.
|
|
Determine sum of money hector originally invested is closet
: Determine the sum of money Hector originally invested is closest to? Twenty years ago, Hector invested a sum of money in an account earning interest
|
|
Find how much spare minimum is recorder by green corp
: The entry to record the reissuance of 5,000 treasury shares on December 5, 2021 would include a credit to? how much is recorded for treasury stock on july 18?
|
|
What is the book value of the right-of-use asset
: What is the book value of the Right-of-use asset and what is the balance in the Lease Liability account on December 31, 2020, respectively
|
|
What would be the balance reported for retained earnings
: Lachlin Corporation's, If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?
|
|
Find which set of forecasts is more accurate
: Find which set of forecasts is more accurate? Is it the simple moving average forecasts or the weighted moving average forecasts?
|
|
How much manufacturing overhead was applied to all jobs
: Doreen estimated that total manufacturing overhead would be $600,000 and total machine hours would be 60,000. How much manufacturing overhead was applied
|
|
Find how could balance with the idea of borrowing money
: When taking any personal finance classes, how could you balance this with the idea of borrowing money to start a business or to grow a business?
|
|
How much should be contributed tio rr
: EE, MM and RR are partners sharing income of 1:2:3. EE- 50,000CR, MM 40,000 DR, RR 30,000 CR. how much should be contributed tio RR
|