A The par value per share of the preferred stock is $20.
B The dividend per share on the preferred stock is $1.20.
C The number of common stock shares outstanding is 75,000.
A Preferred stock, 6% cumulative, 100,000 shares authorized, 10,000 shares issued and outstanding, has a total value of $200,000.
Par value per share = 200000/10000
= 20
B The preferred stock has a 6% cumulative dividend.
The dividend per share can be calculated as follows:
= 20 * 0.06
= 1.20
C The information given indicates that there are 100,000 common stock shares issued and 25,000 shares in the treasury.
The number of common stock shares outstanding
= 100000 - 25000
= 75000
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders' Equity Paid-in capital Preferred stock,? par value, 6% cumulative, 100,000 shares authorized, 10,000 shares issued and outstanding $ 200,000 Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and?? shares outstanding 1,000,000 25,000 500,000 Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Treasury stock, 1,000 shares Total stockholders' equity 1,725,000 420,000 13,090) $2,132,000 Note: The market value per share of the common stock is $42, and the market value per share of the preferred stock is $26 Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? c. What is the number of common stock shares outstanding?