Problem - Stockholders equity Paid-in capital
Preferred stock, cumulative, 10,000 shares authorized,
6,000 shares issued and outstanding $ 600,000
Common Stock, no par, 750,000 shares authorized, 580,000 shares issued 2,900,000
Total paid-in capital 3,500,000
Retained earnings 1,158,000
Total paid-in capital and retained earnings 4,658,000
Less: Treasury stock (6,000 common shares) (32,000)
Total stockholders' equity $4,626,000
1. How many shares of common stock are outstanding?
2. Assuming there is a stated value, what is the stated value of the common stock?