1) |
The following information pertains to Parsons Co.: |
|
Preferred stock, cumulative: | ||
Par value per share |
$ 100 |
|
Dividend rate |
8 % |
|
Shares outstanding |
9,000 |
|
Common stock: | ||
Par value per share |
$ 10 |
|
Shares issued |
100,000 |
|
Dividends paid per share |
$ 2.00 |
|
Market price per share |
$ 47 |
|
Additional paid-in capital |
$ 480,000 |
|
Unappropriated retained earnings( after closing) |
$ 250,000 |
|
Retained earnings appropriated for contingencies |
$ 280,000 |
|