Question

Bonita Corporation’s December 31, 2018 balance sheet showed the following:

8% preferred stock, $10 par value, cumulative, 20300shares
authorized; 15300 shares issued	$ 153000
Common stock, $10 par value, 2080000 shares authorized;
2030000 shares issued, 2010000 shares outstanding	20300000
Paid-in capital in excess of par—preferred stock	59000
Paid-in capital in excess of par—common stock	25000000
Retained earnings	7600000
Treasury stock (208000 shares)	655200

Bonita’s total stockholders’ equity was

$45436800.

$53112000.

$52456800.

$53716800.

Swifty Corporation’s December 31, 2018 balance sheet showed the following:

7% preferred stock, $20 par value, cumulative, 9000 shares
authorized; 6500 shares issued	$ 130000
Common stock, $10 par value, 1000000 shares authorized;
975000 shares issued, 960000 shares outstanding	9750000
Paid-in capital in excess of par―preferred stock	30000
Paid-in capital in excess of par―common stock	13660000
Retained earnings	3740000
Treasury stock (14600 shares)	315000

Swifty declared and paid a $59000 cash dividend on December 15, 2018. If the company’s dividends in arrears prior to that date were $10900, Swifty’s common stockholders received

$48100.

$39000.

no dividend.

$25000.

Coronado Corporation’s December 31, 2018 balance sheet showed the following:

7% preferred stock, $10 par value, cumulative, 18500shares
authorized; 13500 shares issued	$ 135000
Common stock, $10 par value, 2030000 shares authorized;
1980000 shares issued, 1960000 shares outstanding	19800000
Paid-in capital in excess of par—preferred stock	60500
Paid-in capital in excess of par—common stock	24900000
Retained earnings	7660000
Treasury stock (196000 shares)	617400

Coronado’s total stockholders’ equity was

$44918100.

$51938100.

$53198100.

$52555500.

Oriole Corporation’s December 31, 2018 balance sheet showed the following:

7% preferred stock, $20 par value, cumulative, 15100shares
authorized; 10100 shares issued	$ 202000
Common stock, $10 par value, 940000 shares authorized;
915000 shares issued, 900000 shares outstanding	9150000
Paid-in capital in excess of par—preferred stock	30000
Paid-in capital in excess of par—common stock	11520000
Retained earnings	3720000
Treasury stock (14900 shares)	312900

Oriole’s total paid-in capital was

$20902000.

$20589100.

$21214900.

$10952000.

Answer 1