Question:
The stockholder's equity of a corporation is composed of preferred $3 stock, $50 par, $700,000; paid-in capital in excess of par---preferred stock, $25,000; common stock, $10 par, $1,000,000; paid-in capital in excess of par---common stock, $75,000; and retained earnings, $70,000. The net income is $45,000.
1) The paid-in capital attributable to preferred stock is.
2) The paid-in capital attributable to common stock is...
3) Earnings per share of common stock is...
4) The total stockholder's equity is...
Answer:
Most homework questions posted here go unanswered. And I am not about to try as I'm too far removed from the academic world and so may get it wrong. Even if somebody here answers, you are probably better off checking with classmate and/or teacher who are directly familiar with the material.
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