The following items were shown on the balance sheet of McKean Corporation on December 31, 2014:
Shareholders' Equity
Share Capital 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 was $____________ 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, 2014 was $______________.

Question

The following items were shown on the balance sheet of McKean Corporation on December 31, 2014:
Shareholders' Equity
Share Capital  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 was $____________ 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, 2014 was $______________.

Quizplus · Accepted Answer

The Answer of The following items were shown on the balance sheet of McKean Corporation on December 31, 2014:
Shareholders' Equity
Share Capital  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 was $____________ 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, 2014 was $______________.

The Following Items Were Shown on the Balance Sheet of McKean