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The Stockholders' Equity Section of Morton Corporation at December 31

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The stockholders' equity section of Morton Corporation at December 31 is as follows. The stockholders' equity section of Morton Corporation at December 31 is as follows. Instructions From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $15,000, what is the dividend rate on preferred stock? (e) If dividends of $30,000 were in arrears on preferred stock, what would be the balance in Retained Earnings? Instructions
From a review of the stockholders' equity section, answer the following questions.
(a) How many shares of common stock are outstanding?
(b) Assuming there is a stated value, what is the stated value of the common stock?
(c) What is the par value of the preferred stock?
(d) If the annual dividend on preferred stock is $15,000, what is the dividend rate on preferred stock?
(e) If dividends of $30,000 were in arrears on preferred stock, what would be the balance in Retained Earnings?

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(a) Common stock outstanding is 145000 s...

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