Arp corp outstanding capital stock
Arp Corp.'s outstanding capital stock at December 15, 20X5 consisted of the following: 1. 40,000 shares of 6% cumulative preferred stock, par value $15 per share, fully participating as to dividends. No dividends were in arrears. 2. 360,000 shares of common stock, par value $2 per share. Arp Corp.'s outstanding capital stock at December 15, year 1, consisted of the following:-30,000 shares of 5% cumulative preferred stock, par value $10 per share, fully participating as to dividends. No dividends were in arrears.-200,000 shares of common stock, par value $1 per share. Arp Corp.’s outstanding capital stock at December 15, 2011, consisted of the following: 30,000 shares of 5% cumulative preferred stock, par value $10 per share, fully participating as to dividends. No dividends were in arrears. 200,000 shares of common stock, par value $1 per share. On December 15, 2011, Arp declared dividends of $100,000.