199. The stockholders’ equity section of a company’s year-end balance sheet follows: Preferred stock, $50 par value, 9% cumulative and nonparticipating, 10,000shares outstanding ………………… $500,000 Paid-in capital in excess of par value, preferred stock 50,000 Total capital paid-in by preferred stockholders …………….. $550,000 Common stock, $0.50 par value, 1,500,000 shares outstanding …………………………………………………. $750,000 Paid-in capital in excess of par value, common stock ………... 150,000 Total capital paid-in by common stockholders ………………. 900,000 Total paid-in capital ………………………………………… $1,450,000 Retained earnings …………………………………………… 1,690,000 Total stockholders’ equity …………………………………… $3,140,000 The preferred stock has a call price of $51.50 per share plus dividends in arrears. Only one year of dividends is in arrears. Calculate the book value per (1) preferred share, and (2) common share. 200. A corporation reports the following year-end stockholders’ equity: Paid-in capital: Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued …………………. $ 2,500,000 Paid-in capital in excess of par, Preferred………….. 125,000 Common stock, $1 par, 5,000,000 sharesauthorized, 4,000,000 shares issued ……………….. 4,000,000 Paid-in capital in excess of par, Common ………….. 1,200,000 Total paid-in capital ……………………………….. $ 7,825,000 Retained earnings …………………………………….. 10,775,000 Total stockholders’ equity ……………………………. $18,600,000 Determine the following:(1) Par value for the preferred stock.(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears. 201. The stockholders’ equity section of a corporat Preferred stock, $25 par value, 6%, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding …………….. $125,000 Paid-in capital in excess of par value, Preferred stock……. 50,000 Common stock, $5 par value, 50,000 shares authorized,20,000 shares issued and outstanding.………………………….. 100,000 Paid-in capital in excess of par value, Common stock ……… 40,000 Retained earnings ………………………………………. 95,000 Total stockholders’ equity ………………………………. $410,000 (1) Assuming that the preferred stock is not callable and no dividends are in arrears, compute the book values per preferred share and per common share.(2) Assuming that the preferred stock has a call price of $30 per share and one year of cumulative preferred dividends is in arrears, compute the book values per preferred share and per common share.

199. The stockholders’ equity section of a company’s year-end balance sheet follows: Preferred stock, $50 par value, 9% cumulative and nonparticipating, 10,000shares outstanding ………………… ...

199. The stockholders’ equity section of a company’s year-end balance sheet follows:

Preferred stock, $50 par value, 9% cumulative and nonparticipating, 10,000shares outstanding …………………	$500,000
Paid-in capital in excess of par value, preferred stock	50,000
Total capital paid-in by preferred stockholders ……………..		$550,000
Common stock, $0.50 par value, 1,500,000 shares outstanding ………………………………………………….	$750,000
Paid-in capital in excess of par value, common stock ………...	150,000
Total capital paid-in by common stockholders ……………….		900,000
Total paid-in capital …………………………………………		$1,450,000
Retained earnings ……………………………………………		1,690,000
Total stockholders’ equity ……………………………………		$3,140,000

The preferred stock has a call price of $51.50 per share plus dividends in arrears. Only one year of dividends is in arrears. Calculate the book value per (1) preferred share, and (2) common share.

200. A corporation reports the following year-end stockholders’ equity:

Paid-in capital:
Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued ………………….	$ 2,500,000
Paid-in capital in excess of par, Preferred…………..	125,000
Common stock, $1 par, 5,000,000 shares authorized, 4,000,000 shares issued ………………..	4,000,000
Paid-in capital in excess of par, Common …………..	1,200,000
Total paid-in capital ………………………………..	$ 7,825,000
Retained earnings ……………………………………..	10,775,000
Total stockholders’ equity …………………………….	$18,600,000

Determine the following:
(1) Par value for the preferred stock.
(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears.

201. The stockholders’ equity section of a corporat

Preferred stock, $25 par value, 6%, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding ……………..	$125,000
Paid-in capital in excess of par value, Preferred stock…….	50,000
Common stock, $5 par value, 50,000 shares authorized, 20,000 shares issued and outstanding.…………………………..	100,000
Paid-in capital in excess of par value, Common stock ………	40,000
Retained earnings ……………………………………….	95,000
Total stockholders’ equity ……………………………….	$410,000

(1) Assuming that the preferred stock is not callable and no dividends are in arrears, compute the book values per preferred share and per common share.
(2) Assuming that the preferred stock has a call price of $30 per share and one year of cumulative preferred dividends is in arrears, compute the book values per preferred share and per common share.

May 15, 2022

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199. The stockholders’ equity section of a company’s year-end balance sheet follows: Preferred stock, $50 par value, 9% cumulative and nonparticipating, 10,000shares outstanding ………………… ...

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