Problem 11-26A (Algo) Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3,...
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Problem 11-26A (Algo) Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Company at December 31 , Year 1, is as follows. Note: The market value per share of the common stock is $56, and the market value per share of the preferred stock is $26. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) c. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to 2 decimal places.) e-1. If Mann declares a 2-for-1 stock split on the common stock, how many shares will be outstanding after the split? e-2. What amount will be transferred from the retained earnings account because of the stock split? e-3. Theoretically, what will be the market price of the common stock immediately after the stock split
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