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The stockholders' equity section of a balance sheet at December 31, is as follows: 
A)What was the average issue price of the preferred stock?
B)What was the average issue price of the common stock?
C)What will be the retained earnings account balance immediately following a 2-for-1 stock split?
D)If the company's board of directors declares a cash dividend consisting of the annual stated dividend rate for preferred stockholders plus $1 per share for common stockholders, what is the total amount of dividends to be paid and what would be the remaining balance in the retained earnings account immediately following the declaration of this cash dividend?
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Correct Answer:
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