ACC 291 Week 4 Wileyplus Assignment Do It 11-1, E11-5,
E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A( New)
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
Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A.
� Do It! 11-1
� Exercise 11-5 Garcia Corporation
� Exercise 11-7 Pele Company
� Broadening Your Perspective 11-1 Tootsie Roll
� Broadening Your Perspective 11-2 Tootsie Roll & Hershey