Stockholders’ Equity: Information and Entries from
Comparative Data
Comparative stockholders’ equity sections from two successive
years...
Stockholders’ Equity: Information and Entries from
Comparative Data
Comparative stockholders’ equity sections from two successive
years of balance sheets from Farrow, Inc., are as follows:
Dec. 31, 2018
Dec. 31, 2017
Paid-in Capital
8 Percent preferred stock, $40 par value, authorized 20,000
shares;
issued and outstanding, 2017: 10,000 shares; 2018: 12,000
shares
$480,000
$400,000
Common stock, no-par value, $5 stated value, authorized
80,000
shares; issued, 2017: 32,000 shares; 2018: 40,000 shares
200,000
160,000
Additional Paid-in Capital
In excess of par...
Using the following accounts and balances, prepare the
stockholders' equity section of the balance sheet. Fifty...
Using the following accounts and balances, prepare the
stockholders' equity section of the balance sheet. Fifty thousand
shares of common stock are authorized, and 2,000 shares have been
reacquired.
Common Stock, $40 par
$1,320,000
Paid-In Capital in Excess of Par
204,040
Paid-In Capital from Sale of Treasury Stock
6,040
Retained Earnings
125,000
Treasury Stock
4,540
Stockholders' Equity
Contributed capital:
Common stock, $40 par (50,000 shares authorized, 33,000
issued
$
Additional paid-in capital
Total contributed capital
$
Retained earnings
Total
$...
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the
Stockholders' Equity section of the...
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the
Stockholders' Equity section of the balance sheet using Method 1 of
Exhibit 8. 40,000 shares of common stock authorized, and 2,000
shares have been reacquired.
Common Stock, $30 par $960,000
Paid-In Capital from Sale of Treasury Stock 38,000
Paid-In Capital in Excess of Par—Common Stock
256,000
Retained Earnings 557,000
Treasury Stock 24,000
Stockholders' Equity
Paid-In Capital:
Common Stock, $30 Par $960,000
Excess over par _________
Paid-in...
Stockholders' Equity Section of Balance Sheet
Premium Imports Inc. retails racing products for BMWs, Porsches,
and...
Stockholders' Equity Section of Balance Sheet
Premium Imports Inc. retails racing products for BMWs, Porsches,
and Ferraris. The following accounts and their balances appear in
the ledger of Premium Imports Inc. on November 30, the end of the
current year:
Common Stock, $10 par
$600,000
Paid-In Capital in Excess of Par-Common Stock
180,000
Paid-In Capital in Excess of Par-Preferred Stock
57,900
Paid-In Capital from Sale of Treasury Stock-Common
45,200
Preferred 4% Stock, $50 par
965,000
Retained Earnings
2,254,700
Treasury Stock-Common...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018,...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders’ Equity
Paid-in capital
Preferred stock,? par value, 4%
cumulative,
270,000 shares authorized,
57,000 shares issued and outstanding
$
570,000
Common stock, $25 stated value,
320,000 shares authorized, 57,000?? shares issued and
outstanding
1,425,000
Paid-in capital in excess of
par—Preferred
47,000
Paid-in capital in excess of
stated value—Common
114,000
Total paid-in capital
2,156,000
Retained earnings
420,000
Treasury stock, 6,000
shares
(42,000...
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the
“Stockholders’ Equity” section of the...
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the
“Stockholders’ Equity” section of the balance sheet. 100,000 shares
of common stock authorized, and 10,000 shares have been
reacquired.
Common Stock, $80 par$5,600,000
Paid-In Capital from Sale of Treasury Stock112,000
Paid-In Capital in Excess of Par—Common Stock1,470,000
Retained Earnings3,192,000
Treasury Stock69,000
Balance Sheet
Stockholders' Equity
Paid-in capital:
$
Paid-in capital, common stock$
Total paid-in capital$
Total$
Total stockholders' equity
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, Year...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, Year 1, is as follows:
Stockholders’ Equity
Paid-in capital
Preferred stock, ? par value, 5% cumulative,
140,000 shares authorized, 44,000 shares issued and
outstanding
$
440,000
Common stock, $20 stated value, 190,000 shares
authorized, 44,000 shares issued and outstanding
880,000
Paid-in capital in excess of par—Preferred
34,000
Paid-in capital in excess of stated value—Common
66,000
Total paid-in capital
1,420,000
Retained earnings
290,000
Total stockholders’ equity...
Reporting Stockholders' Equity Using the following accounts and
balances, prepare the Stockholders' Equity section of the...
Reporting Stockholders' Equity Using the following accounts and
balances, prepare the Stockholders' Equity section of the balance
sheet using Method 1 of Exhibit 8. 80,000 shares of common stock
authorized, and 2,000 shares have been reacquired. Common Stock,
$60 par $3,840,000 Paid-In Capital from Sale of Treasury Stock
154,000 Paid-In Capital in Excess of Par—Common Stock 1,408,000
Retained Earnings 2,266,000 Treasury Stock 94,000 Stockholders'
Equity Paid-In Capital: $ $ Total Paid-in Capital $ Total $ Total
Stockholders' Equity $
The following accounts and their balances were selected from the
unadjusted trial balance of Point Loma...
The following accounts and their balances were selected from the
unadjusted trial balance of Point Loma Group Inc., a freight
forwarder, at October 31, the end of the current fiscal year:
1
Common Stock, no par, $16 stated value
$5,072,000.00
2
Paid-In Capital from Sale of Treasury Stock
44,300.00
3
Paid-In Capital in Excess of Par-Preferred Stock
182,000.00
4
Paid-In Capital in Excess of Stated Value-Common Stock
480,000.00
5
Preferred 2% Stock, $105 par
7,035,000.00
6
Retained Earnings
38,645,000.00
Prepare...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, Year...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, Year 1, is as follows:
Stockholders’ Equity
Paid-in capital
Preferred stock, ? par value, 5% cumulative,
140,000 shares authorized, 44,000 shares issued and
outstanding
$
440,000
Common stock, $20 stated value, 190,000 shares
authorized, 44,000 shares issued and outstanding
880,000
Paid-in capital in excess of par—Preferred
34,000
Paid-in capital in excess of stated value—Common
66,000
Total paid-in capital
1,420,000
Retained earnings
290,000
Total stockholders’ equity...