Stockholders' Equity: Show your work
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9% Preferred Stock, $100 par, 300,000 cumulative shares authorized 150,000 issued
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$ 15,000,000
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Common stock, $5 par, 2,000,000 shares authorized, ____?______ issued, 950,000 shares outstanding
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6,000,000
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Additional paid in capital
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From issuance of common stock
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10,800,000
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Total Contributed Capital
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31,800,000
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Retained Earnings
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42,900,000
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Less: Treasury Stock
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(5,000,000)
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Total Stockholders' Equity
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$69,700,000
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How many shares of common stock are issued?
How many shares of common stock are in treasury?