What will be the common stock and additional paid in capital


For the following transactions.
a. Sold 2,700 shares of $11 par value preferred stock at $12.50 per share.

b. Declared the annual cash dividend of $3.8 per share on common stock. There were 8,700 shares of common stock issued and outstanding throughout the year.

c. Issued 3,400 shares of $7 par value preferred stock in exchange for a building when the market price of preferred stock was $15 per share.

d. Purchased 210 shares of preferred stock for the treasury at a price of $11.00 per share.

e. Sold 140 shares of the preferred stock held in treasury (see d) for $20 per share.

f. Declared and issued a 16% stock dividend on the $1 par value common stock when the market price per share was $48.

What will be the common stock and additional paid in capital?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What will be the common stock and additional paid in capital
Reference No:- TGS0707839

Expected delivery within 24 Hours