ACC 291 Week 4 Assignment Help | University Of Phoenix
- University of Phoenix / ACC 291
- 09 Aug 2020
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ACC 291 Week 4 Assignment Help | University Of Phoenix
Stockholders’ Equity Section of the Balance Sheet
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, Ch. 11
Answer the following
questions in 1,050 words using the Lachlin Corporation Balance Sheet
located on p. 575 of Financial
Accounting:
- 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?
Use the Week 4 Excel® spreadsheet
and submit with your answers.
Click the Assignment Files
tab to submit your assignment.
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