The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD

Question

The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 4,900 Common stock, $1 par value 19,000 Additional paid-in capital 528,200 Total paid-in capital 552,100 Retained earnings 277,000 Treasury stock, 12,000 common shares (252,000) Total stockholders' equity $ 577,100 Based on the stockholders equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. How many shares of preferred stock have been issued? How many shares of common stock have been issued?

Explanation / Answer

Preferred stock $4900/$1 = 4900 shares issued

Common stock 19,000/$1 = 19,000 shares issued

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