Reference no: EM132189411

Question -

1) Preferred stock (1500 shares authorized), $100 par $150,000 paid-in capital in excess par - preferred stock 30,000 common stock (38,000 shares authorized), $10 par 380,000 Paid-in capital in excess of par - common stock 57,000 paid- in capital from sale of treasury stock 42,100 treasury stock (31,000 shares) 46,500 Retained earnings 50,300.

What is the total stockholders' equity based on information above?

2) Common stock (48,000 shares authorized), $20 par $960,000 Paid- in capital excess of par - common stock 336,000 Treasury stock (2,300 shares) 64,400 Paid-in capital from sale of Treasury stock 26,900 Retained earnings 56,800

How many shares of common stock are outstanding based on the information above?