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Chapter 11 Stockholders Equity: Paid-In Capital Stockholders equity Capital stock 7% cumulative preferred stock, $100 par value . . . . . . . . . . . . . . . . . . . . Common stock, $5 par value, 5,000,000 shares $ 15,000,000 20,000,000 44,000,000 64,450.6 Additional paid-in capital: Hetained earnings $143,450,000 From this information, compute answers to the following questions: a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends to which preferred stockholders are entitled? c. What was the average issuance price per share of common stock? d. What is the amount of legal capital and the amount of total paid-in capital? e. What is the book value per share of common stock? f. Is it possible to determine the fair market value per share of common stock from the stock holders equity section above? Explain.
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