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    Mary1884's Avatar
    Mary1884 Posts: 1, Reputation: 1
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    #1

    Mar 3, 2013, 10:19 PM
    ask an accounting expert
    Accounting question: On the stockholders ezuity section of the balance sheet
    preferred stock, $1 par value... $5000
    How many shares of preferred stock have been issued? (Do not enter your answer in thousands)
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Mar 4, 2013, 07:20 AM
    Based on what is posted, simply take your total amount of the account divided by the par value for the preferred stock to get your number of shares issued and outstanding.
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