The following items were shown on the balance sheet of McKean Corporation on December 31, 2021: Instructions
Complete the following statements and show your calculations. All of the common shares were issued at $ 5 per share.
a) The number of common shares issued was ______.
b) The preferred shares dividend is $ ______ per share.
c) It would cost the company $ ______ to redeem 1,000 preferred shares.
d) The average issue price of the preferred shares was $ ______.
e) The total amount of cash and other assets paid to McKean Corporation in exchange for share capital, at December 31, 2021 was $ ______.

Question

The following items were shown on the balance sheet of McKean Corporation on December 31, 2021:  Instructions
Complete the following statements and show your calculations. All of the common shares were issued at $ 5 per share. 
a) The number of common shares issued was ______.
b) The preferred shares dividend is $ ______ per share.
c) It would cost the company $ ______ to redeem 1,000 preferred shares.
d) The average issue price of the preferred shares was $ ______.
e) The total amount of cash and other assets paid to McKean Corporation in exchange for share capital, at December 31, 2021 was $ ______.

Quizplus · Accepted Answer

The Answer of The following items were shown on the balance sheet of McKean Corporation on December 31, 2021:  Instructions
Complete the following statements and show your calculations. All of the common shares were issued at $ 5 per share. 
a) The number of common shares issued was ______.
b) The preferred shares dividend is $ ______ per share.
c) It would cost the company $ ______ to redeem 1,000 preferred shares.
d) The average issue price of the preferred shares was $ ______.
e) The total amount of cash and other assets paid to McKean Corporation in exchange for share capital, at December 31, 2021 was $ ______.

The Following Items Were Shown on the Balance Sheet of McKean