How many shares of common stock are outstanding

Assignment Help Financial Accounting

Reference no: EM131450556 , Length: word count:1050

Purpose of Assignment -

The purpose of this assignment is to help you become familiar with examining the stockholders' equity section of the balance sheet.

Assignment Steps - Resources: Financial Accounting: Tools for Business Decision Making, Ch. 11

Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet located on p. 575 of Financial Accounting:

How many shares of common stock are outstanding?
Assuming there is a stated value, what is the stated value of the common stock?
What is the par value of the preferred stock?
If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?
If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

Attachment:- Assignment Files.zip

Reference no: EM131450556

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len1450556

4/4/2017 6:23:53 AM

Use the Week 4 Excel spreadsheet and submit with your answers. Attached Microsoft Word document. Click the Assignment Files tab to submit your assignment. The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page.

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