accounting assignment

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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

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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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