QUESTION #45: Required information[The following information applies to the questionsdisplayed below.]Shown below is...QUESTION #45:...

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Accounting

QUESTION #45: Required information
[The following information applies to the questionsdisplayed below.]
Shown below is information relating to the stockholders' equityof Reeve Corporation as of December 31, 2018:
3.5% cumulative preferred stock,$100 par $ 1,200,000
Common stock, $10 par, 400,000shares authorized,
148,000 shares issued and outstanding 1,480,000
Additional paid-in capital:Common stock 444,000
Retained earnings (Deficit) (74,000 )
Dividends in arrears 42,000
PART A: How many shares of preferred stock are issued andoutstanding?
PART B: What was the original issue price per share of commonstock?
PART C: What is total paid-in capital?
PART D: Total stockholders' equity is?
PART E: Book value per share of common stock is? (Round to2 decimal places.)

Can someone please help me find the answers to thisquestion?

Will you show each step and give an explanation so I know how to doit?

no handwritten/photo answers, thank you**

Answer & Explanation Solved by verified expert

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Answer of Part A No of Preferred Stock issued and outstanding Total Preferred Stock Value Value per share No of Preferred Stock issued and outstanding 1200000 100 No of Preferred Stock issued and See Answer

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In: AccountingQUESTION #45: Required information[The following information applies to the questionsdisplayed below.]Shown below is...QUESTION #45: Required information[The following information applies to the questionsdisplayed below.]Shown below is information relating to the stockholders' equityof Reeve Corporation as of December 31, 2018:3.5% cumulative preferred stock,$100 par$1,200,000Common stock, $10 par, 400,000shares authorized,148,000 shares issued and outstanding1,480,000Additional paid-in capital:Common stock444,000Retained earnings (Deficit)(74,000)Dividends in arrears42,000PART A: How many shares of preferred stock are issued andoutstanding?PART B: What was the original issue price per share of commonstock?PART C: What is total paid-in capital?PART D: Total stockholders' equity is?PART E: Book value per share of common stock is? (Round to2 decimal places.)Can someone please help me find the answers to thisquestion?Will you show each step and give an explanation so I know how to doit?**no handwritten/photo answers, thank you****


3.5% cumulative preferred stock,$100 par	$	1,200,000
Common stock, $10 par, 400,000shares authorized, 148,000 shares issued and outstanding		1,480,000
Additional paid-in capital:Common stock		444,000
Retained earnings (Deficit)		(74,000	)
Dividends in arrears		42,000