The stockholders' equity section of the balance sheet for Atkins Company at December 31, 2007, is as follows:
Preferred stock, ? par value, 6% cumulative,
50,000 shares authorized,
40,000 shares issued and outstanding
Common stock, $10 stated value,
150,000 shares authorized,
60,000 shares issued and ? outstanding
Paid-in capital in excess of par—preferred
Paid-in capital in excess of par—common
Total paid-in capital
Treasury stock, 2,000 shares
Total stockholders' equity
Note: The market value per share of the common stock is $25, and the market value per share of the preferred stock is $12.
What is the par value per share of the preferred stock? (Omit the "$" sign in your response.)
Par value per share
What is the dividend per share on the preferred stock? (Round your answer to one decimal place. Omit the "$" sign in your response.)
Dividend per share
What is the number of common stock shares outstanding?
Number of common shares outstanding
What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)
Average issue price per share
What is the difference between the average issue price and the market price of the common stock. (Omit the "$" sign in your response.)
Difference in price
If Atkins declared a 2-for-1 stock split on the common stock, how many shares would be outstanding after the split?
Number of shares outstanding after the split
What amount would be transferred from the Retained Earnings account because of the stock split? (Omit the "$" sign in your response.)
Amount to be transferred
Theoretically, what would be the market price of the common stock immediately after the stock split? (Round your answer to one decimal place. Omit the "$" sign in your response.)
Market price per share
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