ACC 291 Week 4 Wileyplus Assignment Do It 11-1 , E11-5 , E11-7 , BYP11-1 , BYP11-2 , P11-5A , P11-8A ( New )
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Purpose of Assignment The purpose of this assignment is to help you become familiar with examining the stockholders ' equity section of the balance sheet . Assignment Steps
Resources : Financial Accounting : Tools for Business Decision Making Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet ( partial ) below :
· How many shares of common stock are outstanding ?
· Assuming there is a stated value , what is the stated value of the common stock ?
· What is the par value of the preferred stock ?
· If the annual dividend on preferred stock is $ 36,000 , what is the dividend rate on preferred stock ?
· If dividends of $ 72,000 were in arrears on preferred stock , what would be the balance reported for retained earnings ? ==============================================
ACC 291 Week 4 Wileyplus Assignment Do It 11-1 , E11-5 , E11-7 , BYP11-1 , BYP11-2 , P11-5A , P11-8A ( New )
For more course tutorials visit www . uophelp . com