Calculate the total amount available for common dividends


The stockholders' equity of a corporation is composed of 10,000 shares of $5 preferred stock, $50 par value, $500,000; paid in capital in excess of par-preferred stock, $15,000; common stock, 100,000 shares, $10 par, $1,000,000; paid in capital in excess of par-common stock, $100,000; retained earnings beginning of the period, $80,000. The net income is $75,000. The paid in capital attributable to preferred stock is ? The paid in capital attributable to common stock is? The total amount available for common dividends is? The earnings per share of common stock is?

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Accounting Basics: Calculate the total amount available for common dividends
Reference No:- TGS0719631

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