Exercise 11-4 The stockholders’ equity section of Riverbed Corp’s balance sheet at December 31 is presented here. RIVERBED CORP Balance Sheet…

Get perfect grades by consistently using www.college-experts.com. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

Stockholders’ equity   Paid-in capital      Preferred stock, cumulative, 10,667 shares authorized, 6,400 shares issued and outstanding$ 640,000

Common stock, no par, 775,862 shares authorized, 600,000 shares issued2,400,000

Total paid-in capital3,040,000

Retained earnings1,191,000

Total paid-in capital and retained earnings4,231,000

Less: Treasury stock (5,800 common shares)30,933

Total stockholders’ equity

Exercise 11-4The stockholders’ equity section of Riverbed Corp’s balance sheet at December 31 is presented here. RIVERBED CORPBalance Sheet (partial)Stockholders’ equity Paid-in capitalPreferred stock, cumulative, 10,667 shares authorized, 6,400 shares issued and outstanding $ 640,000 Common stock, no par, 775,862 shares authorized, 600,000 shares issued 2,400,000Total paid-in capital 3,040,000Retained earnings 1,191,000 Total paid-in capital and retained earnings 4,231,000Less: Treasury stock (5,800 common shares) 30,933Total stockholders’ equity $4,200,067 From a review of the stockholders’ equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstandingshares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stockper share (c) What is the par value of the preferred stock? The par value of the preferred stockper share (d) If the annual dividend on preferred stock is $57,600, what is the dividend rate on preferred stock?The dividend rate% (e) If dividends of $74,800 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance

Writerbay.net

Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper