ES-1. LOCK men tockholders' Equit n a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued 1,280,000 shares of its $0.03 par value stock for $1,024,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the line on the statement of stockholders' equity that would reflect this transaction. Note: Enter your answers in dollars rather than millions. Common Stock Shares Amount Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Shares issued for employee stock option plan $ 0
ES-1. LOCK men tockholders' Equit n a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued 1,280,000 shares of its $0.03 par value stock for $1,024,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the line on the statement of stockholders' equity that would reflect this transaction. Note: Enter your answers in dollars rather than millions. Common Stock Shares Amount Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Shares issued for employee stock option plan $ 0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:ES-1.
LOCK
men
tockholders' Equit
n a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued 1,280,000 shares of its $0.03
par value stock for $1,024,000 (these numbers are rounded). These additional shares were issued under an employee stock option
plan. Prepare the line on the statement of stockholders' equity that would reflect this transaction.
Note: Enter your answers in dollars rather than millions.
Common Stock
Shares
Amount
Additional
Paid-in
Capital
Retained
Earnings
Total
Stockholders'
Equity
Shares issued for employee stock option plan
$
0
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