Ask Experts Questions for FREE Help !
Ask
    Jproject's Avatar
    Jproject Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Dec 5, 2009, 05:01 PM
    Accounting for Stocks/preffered&common
    I have all these questions and I only know the accounts, and not what the amounts are supposed to be!
    Please help...

    EX)
    On March 18, Weber issued 160 shares of preferred stock at $180 per share.

    Cash--> increase $28800
    Preferred Stock--> ????
    Additional paid in capital---> ????

    How do I figure out these amounts? Please help!
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Dec 6, 2009, 05:38 AM

    No one can figure out these amounts for you. The question must give the par value of preferred shares. The difference between the issue price and par value is the additional paid in capital
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How to deermine Preffered and Common Dividends? [ 1 Answers ]

How to deermine Preffered and Common Dividends?

Weight average of common stocks [ 2 Answers ]

I need help with this problem om in accounting I just can't get it Here is what the question uses as a reference and how the answer should be posted: Compute the weighed average of the common shares outstanding for 2003 Outstanding shares on December 31, 2002.. . 40,000 2003 Treasury...

Calculating preffered and common stock [ 1 Answers ]

How do I calculate the divdends per share on preferred stock and common stock? If there are 25,000 shares of 1% cumulative preferred stock of $100 par, and 250,000 shares of $50 par common?

View more questions Search