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Unformatted text preview: 2,000,000 Common stock dividends distributable 200,000 2,200,000 Total capital stock 3,200,000 Additional paid-in capital In excess of par value - preffered stock 200,000 In excess of stated value - common stock 1,100,000 Total additional paid-in capital 1,300,000 Total paid-in capital 4,500,000 2,365,000 Total paid-in and retained earnings 6,865,000 Note A: Retained Earnings is restricted for plant expasion on $100000 d) Earnings per share = 2.2 Retained Earnings (see Note A) e) Total dividend 600,000 Allocated to preffered stock 80,000 80,000 Remainder allocation to common stock 520,000...
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This note was uploaded on 02/19/2010 for the course ACCT 221 taught by Professor Strauss during the Spring '07 term at Maryland.
- Spring '07