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Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet (partial) below:

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?


Use the Week 4 Excel® spreadsheet and submit with your answers.

Use essay format APA

Compétences : Plans d'affaires, Analyses financières, Organizational Change Management, Rédaction de Rapport, Rédaction scientifique

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