stock accounting question for my highschool class-right answer gets 5 stars?
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Kay Money asked:
The stockholder’s equity of a corporation is composed of preferred $3 stock, $50 par, $700,000; paid-in capital in excess of par—preferred stock, $25,000; common stock, $10 par, $1,000,000; paid-in capital in excess of par—common stock, $75,000; and retained earnings, $70,000. The net income is $45,000.
The stockholder’s equity of a corporation is composed of preferred $3 stock, $50 par, $700,000; paid-in capital in excess of par—preferred stock, $25,000; common stock, $10 par, $1,000,000; paid-in capital in excess of par—common stock, $75,000; and retained earnings, $70,000. The net income is $45,000.
1) The paid-in capital attributable to preferred stock is….
2) The paid-in capital attributable to common stock is…
3) Earnings per share of common stock is……
4) The total stockholder’s equity is……
Question posted courtesy of: Marlene
