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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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
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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