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Kilgore Auto Parts reported the following information at December 31, 2004:

Preferred stock, 10%, $10 par value, cumulative                                          $60,000

Common stock, $2 par value                                                                         10,000

Additional paid-in capital – Common stock                                                     30,000

Retained earnings                                                                                           50,000

    Total contributed capital and retained earnings                                          150,000

Less: Treasury stock (100 shares common stock at cost)                         (5,000)

     Total stockholders’ equity                                                                        $145,000

A) How many shares of common stock are issued?

B) How many shares of preferred stock are issued?

C) How many shares of common stock are outstanding?

D) What was the average price paid for the treasury shares when the company reaquired them?

E) What is the dividend PER SHARE that preferred shareholders are entitled to when a dividend is declared?

F) What was the average price of common shares when they were issued?

G) If a 15% stock dividend were issued, by how much would the total stockholders’ equity balance change?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92364210

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