Homework Solutions  
» Home
  

See All Homework
Questions here

Question Description

 
Posted by: Homeworkhelp
Price Quoted by Student: $3
Posted On: 2010-10-25 09:09:11
 
Question

Shown below is information relating to the stockholder's equity of Amsterdam Corporation as of December 31, 2005:


8% cumulative preferred stock, $100 par, 10,000

shares authorized, 6,000 shares issued…………………………..$600,000

Common stock, $5 par, 500,000

shares authorized, 300,000

Shares issued and outstanding ……………………………………. 1,500,000

Additional paid-in capital: preferred stock ……………………………..60,000

Additional paid-in capital: common stock……………………………..1,600,000

Retained earnings ………………………………………………………….790,000


Dividends have been declared and paid for 2005.


Question:

Refer to the above data. The average issue price per share of Amsterdam's preferred stock was?
a. $112

b. $100

c. $110

d. $66

 

Refer to the data above. The total amount of Amsterdam's paid-in capital at December 31, 2005 is:
a. $2,100,000

b. $79,000

c. $3,760,000

d. $1,660,000


Solutions
Refer to the above data.  The average issue p
Price $3
Attachment 1: Amsterdam Corporation.doc
Solution Posted By: Homeworkhelp    Posted on: 25-10-2010