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3 years ago

SARASOTA CORP. Balance Sheet (partial) Stockholders’ equity Paid-in capital

Business

1 answer:

Nuetrik [128]3 years ago

5 0

Answer:

a. The Shares of common stock outstanding are 556,200

b. The stated value of the common stock is 3

c. The par value of the preferred stock is 102

Explanation:

a. In order to calculate the Shares of common stock outstanding we would have to make the following calculation:

Shares of common stock outstanding=shares authorized-common shares

=564,000-7,800

=556,200

b. In order to calculate the Stated value of the common stock we would have to make the following calculation:

Stated value of the common stock= shares issued/shares authorized =1692000/564000

c. In order to calculate the Par value of the preferred stock we would have to make the following calculation:

Par value of the preferred stock= shares issued and outstanding/6,500

=663000/6500

=102

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