BENILUZ COMPANY Stockholders' Equity June 30, 2021 Capital stock 4% preferred stock, $100 par value, cumulative and nonparticipating, 200,000 shares authorized, 20,000 $2,000,000 (40,000) $1,960,000 shares issued and outstanding- Preferred dividends in arrears Common stock, $5 par value, 1,000,000 shares authorized, 321,940 shares issued with *3,500 shares held in the 1,609,700 treasury Total capital stock $3,569,700 Additional paid-in capital In excess of par-preferred stock In excess of par-common stock Total paid-in capital $ 100,000 6,539,620 6,639,620 $10,249,320 Retained earnings 304,680 $10,554,000 105,000 124,000 $10,783,000 Total paid-in capital and retained earnings Plus: Treasury stock, *3,500 shares at cost Accumulated other comprehensive income Total stockholders' equity

BENILUZ COMPANY Stockholders' Equity June 30, 2021 Capital stock 4% preferred stock, $100 par value, cumulative and nonparticipating, 200,000 shares authorized, 20,000 $2,000,000 (40,000) $1,960,000 shares issued and outstanding- Preferred dividends in arrears Common stock, $5 par value, 1,000,000 shares authorized, 321,940 shares issued with 3,500 shares held in the 1,609,700 treasury Total capital stock $3,569,700 Additional paid-in capital In excess of par-preferred stock In excess of par-common stock Total paid-in capital $ 100,000 6,539,620 6,639,620 $10,249,320 Retained earnings 304,680 $10,554,000 105,000 124,000 $10,783,000 Total paid-in capital and retained earnings Plus: Treasury stock, 3,500 shares at cost Accumulated other comprehensive income Total stockholders' equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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