accounting
tany111
Purpose of Assignment
The purpose of this assignment is to help you become familiar with examining the stockholders' equity section of the balance sheet.
Assignment Steps
Resources: Financial Accounting: Tools for Business Decision Making, Ch. 11
Answer the following questions using the Lachlin Corporation Balance Sheet located on p. 575 of Financial Accounting:
- How many shares of common stock are outstanding?
- Assuming there is a stated value, what is the stated value of the common stock?
- What is the par value of the preferred stock?
- If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?
- If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?
Prepare a 700-1,050 Word APA formatted analysis regarding your responses.
Use the Week 4 Excel® spreadsheet and submit with your answers.
- 6 years ago
- 5
Answer(1)
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- _wk4_individual_assignment_lachlin_corp_inc1.xlsx
- the_stockholders1.docx
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