The stockholders' equity section of Cullumber Corporation's balance sheet at December is presented here.
Cullumber Corporation
Balance Sheet partial
Stockholders' equity
Paidin capital
Preferred stock, cumulative, shares authorized, shares issued and outstanding
From a review of the stockholders' equity section, answer the following questions.
a How many shares of common stock are outstanding?
Number of shares of common stock outstanding
b Assuming there is a stated value, what is the stated value of the common stock?
Stated value of the common stock $ per share
c What is the par value of the preferred stock?
Par value of the preferred stock $ per share
d If the annual dividend on preferred stock is $ what is the dividend rate on preferred stock?
Dividend rate
e If dividends of $ were in arrears on preferred stock, what would be the balance reported for retained earnings?
