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total control of a type of industry by single producer

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During the prior year, Brad Co. issued 5,000 shares of $100 par-value convertible preferred stock for $110 per share. One share of preferred stock can be converted into three shares of Brad's $25 par-value common stock at the option of the preferred shareholder. On December 31 of the current year, when the market value of the common stock was $40 per share, all of the preferred stock was converted. What amount should Brad credit to common stock and to additional paid-in capital -- common stock as a result of the conversion?

E20-70 HM 20#3:The shareholders' equity of Cedar Corporation includes the items shown below. The board of directors of Cedar Corporation declared cash dividends of $8 million, $20 million, and $150 million in its first three years of operation—2020, 2021, and 2022, respectively.Common stock $100Paid-in capital—excess of par, common. 980Preferred stock, 8% 200Paid-in capital—excess of par, preferred 555The amount of dividends to be paid to preferred shareholders in each of the three years, assuming that the preferred stock is noncumulative and nonparticipating, isif cumulative:

E20-56 HM 19#1:On December 31, 2020, Nakoma Inc. had the following account balances.Preferred stock, $100 par, 5,000 shares authorized $20,000Cr.Paid-in capital in excess of par—Preferred stock 80,000Cr.Common stock, $1 par, 250,000 shares authorized 45,000Cr.Paid-in capital in excess of par—Common stock 480,000Cr.Retained earnings 360,000Cr.Accumulated other comprehensive income 48,000Cr.Treasury stock, 1,200 shares 55,000Dr.Non-controlling interests 5,000Cr.Average original selling price of common shares is?Average selling price per preferred share is?Average cost per treasury share?

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