The stockholders equity section of Haley Corporation at December 31 is as follows.
Instructions
From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions.
- 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?
Solution
