1 a bottled gas company has 500000 common shares authorized, Ask an Expert

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1) A bottled gas company has 500,000 common shares authorized, 400,000 common shares issued and 15,000 common shares in treasury stock at the current year-end. It paid $0.24 per share in cash dividends during the year. The year-end market price of the stock is $15. Calculate (1) the total dividends paid and (2) the dividend yield.

2)A welding company, specializing in underwater projects, has 1,000 shares of $100 par preferred stock. It also has 25,000 shares of common stock outstanding and its total stockholders' equity equals $500,000. The book value per common share is:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9801106

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