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

See similar textbooks

Similar questions

Required information [The following information applies to the questions displayed below.] Consider the following narrative describing the process of filling a customer's order at a Starbucks branch: Identify the start and end events and the activities in the following narrative, and then draw the business process model using BPMN: the Starbucks customer entered the drive-through lane and stopped to review the menu. He then ordered a Venti coffee of the day and a blueberry muffin from the barista. The barista recorded the order in the cash register. While the customer drove to the window, the barista filled a Venti cup with coffee, put a lid on it, and retrieved the muffin from the pastry case and placed it in a bag. The barista handed the bag with the muffin and the hot coffee to the customer. The customer has an option to pay with cash, credit card, or Starbucks gift card. The customer paid with a gift card. The barista recorded the payment and returned the card along with the…
The correction of errors is the situation that creates prior period adjustments. Explain what are prior period adjustments?
Which of the following are typical prevention costs? (Check all that apply.) Multiple select question. Quality circles Statistical process control Depreciation of test equipment Debugging software errors
Fill out the missing columns and show the calculation and formulas
Describe the steps to be taken to correct an error.
What exactly are reversing entries, and why do they exist?
Discuss the three common methods of handling errors in transaction files.
Describe the process of correcting an error when it’s discovered in a subsequent reporting period.
Give an application for a replicated database.
Please use the below format for your submitted answers, using a table or spreadsheet: Response Spreadsheet or Table Format 1. Segregation of II. Subsidiary ledger Duties errors A1. COSO objective A2. Design adequacy or Operational effectiveness A3. Insignificant, Significant, or Material A4. Overall conclusions B1. IA reporting B2. Management reporting III. Untimely reconciliations