accounting assignment

The Assignment must be submitted on Blackboard (WORD format only)

The Assignment must be clear and well presented

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must mention question number clearly in their answer

All answered must be typed usingTimes New Roman (size 12, double-spaced) font

 

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Accounting assignment

Accounting assignment.

Purpose of Assignment

The purpose of this assignment is to help you become familiar with examining the stockholders’ equity section of the balance sheet.
Assignment Steps
Resources: Financial Accounting: Tools for Business Decision Making, Ch. 11
Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet located on p. 575 of Financial Accounting:

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How many shares of common stock are outstanding?
Assuming there is a stated value, what is the stated value of the common stock?
What is the par value of the preferred stock?
If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?
If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

 
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Accounting assignment

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