Solution-How much capital company raise by issuing

How much capital company raise by issuing preferred stock

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Question - JRH Corporation presents the following partial balance sheet as of December 31, 2015.

Preferred stock, 100 par (8%. non-cumulative 100,000; shares authorized; ?? shares issued	$1,900,000
Capital in excess of par, preferred stock	106,000
Common stock, $5 par, 200,000 shares authorized, ?? shares issued	950,000
Capital in excess of par, common stock	1,970,000
Total contributed capital	$4,926,000
Retained earnings	1,170,000
Treasury Stock, 40,000 common shares, at cost	(340,000)
Total stockholders' equity	$5,756,000

How much capital did the company raise by issuing preferred stock?

How many shares of common stock were issued? What was the average issuing price?

Assume that the company announces that they are going to pay $200,000 dividends. The company did not pay dividends last year. How much will be paid to the preferred stockholders?

How many shares of common stock are outstanding?

Reference no: EM132032404

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How much capital company raise by issuing preferred stock

Reference no: EM132032404

Reference no: EM132032404

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