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Stockholders' Equity: Show your work
9% Preferred Stock, $100 par, 300,000 cumulative shares authorized 150,000 issued
$ 15,000,000
Common stock, $5 par, 2,000,000 shares authorized, ____?______ issued, 950,000 shares outstanding
6,000,000
Additional paid in capital
From issuance of common stock
10,800,000
Total Contributed Capital
31,800,000
Retained Earnings
42,900,000
Less: Treasury Stock
(5,000,000)
Total Stockholders' Equity
$69,700,000
How many shares of common stock are issued?
How many shares of common stock are in treasury?
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