Questions 30
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questions1520.docx15. Nash Trading Post, LLC’s December 31, 2020 balance sheet showed the following:
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6% preferred stock, $10 par value, cumulative, |
|
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30000 shares authorized; 15000 shares issued |
$ 150000 |
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Common stock, $10 par value, 3,000,000 shares authorized; |
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1,950,000 shares issued, 1,920,000 shares outstanding |
19000000 |
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Paid-in capital in excess of par value - preferred stock |
50000 |
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Paid-in capital in excess of par value - common stock |
27500000 |
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Retained earnings |
8950000 |
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Treasury stock (30,000 shares) |
450000 |
Nash declared and paid a $80000 cash dividend on December 15, 2020. If the company’s dividends in arrears prior to that date were $20000, Nash's common stockholders received
$71000.
$62000.
no dividend.
$51000.
20. Blue Corporation's December 31, 2020 balance sheet showed the following:
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6% preferred stock, $10 par value, cumulative, |
|
|
40000 shares authorized; 25000 shares issued |
$ 250000 |
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Common stock, $10 par value, 3,000,000 shares authorized; |
|
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1,950,000 shares issued, 1,920,000 shares outstanding |
19300000 |
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Paid-in capital in excess of par value - preferred stock |
66000 |
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Paid-in capital in excess of par value - common stock |
27700000 |
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Retained earnings |
9450000 |
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Treasury stock (30,000 shares) |
589000 |
Blue's total paid-in capital was
$47316000.
$46727000.
$47905000.
$27416000.
