ACC 281 Week 1 - $6,750,000.00 F $13,500,000.00...

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Sheet1 Page 1 ACCT 281 Week 1 NewTech Products, Inc. A. $4,500,000.00 $100.00 The amount of shares of preferred stock issued is 45,000.00 B. 45,000.00 $7.00 The total amount of annual dividends paid to preferred stockholders is $315,000.00 C. $2,250,000.00 $2.00 The amount of shares of common stock outstanding is 1,125,000.00 D. $2,250,000.00 3,125,000.00 $5,375,000.00 1,125,000.00 The average issuance price per share of common stock is $4.78 E. $4,500,000.00 2,250,000.00 The amount of legal capital is
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Unformatted text preview: $6,750,000.00 F. $13,500,000.00 3,250,000.00 The total amount of paid-in-capital is $10,250,000.00 G. $13,500,000.00 4,590,000.00 $8,910,000.00 1,125,000.00 The book value per share of common stock is $7.92 H. Retained earnings at the beginning of year is $950,000.00 Net income for the year was 3,900,000.00 4,850,000.00 3,250,000.00 1,600,000.00 315,000.00 $1,285,000.00 1,125,000.00 The dividend declared during the year on each year on each share of common stock is $1.14...
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