On January 1, 2025, the stockholders' equity section of Henry Corporation's balance sheet reported the following: Common Stock, par $10, authorized 100,000 shares, issued 10,000 shares $100,000 Capital in excess of par value 50,000 Retained earnings 160,000 During 2025, the following selected transactions occurred (assume they occurred in the order given): (1) Issued a 10% stock dividend; 1,000 shares issued when the market price was $12. (2) 200 shares of treasury stock were purchased at $11 per share. (3) Declared and paid a cash dividend of $19,800. (4) Net income was $30,000. Prepare the stockholders' equity section of the balance sheet as of December 31, 2025. Please don't provide answer in image format thank you
On January 1, 2025, the stockholders' equity section of Henry Corporation's balance sheet reported the following: Common Stock, par $10, authorized 100,000 shares, issued 10,000 shares $100,000 Capital in excess of par value 50,000 Retained earnings 160,000 During 2025, the following selected transactions occurred (assume they occurred in the order given): (1) Issued a 10% stock dividend; 1,000 shares issued when the market price was $12. (2) 200 shares of treasury stock were purchased at $11 per share. (3) Declared and paid a cash dividend of $19,800. (4) Net income was $30,000. Prepare the stockholders' equity section of the balance sheet as of December 31, 2025. Please don't provide answer in image format thank you
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
On January 1, 2025, the stockholders' equity section of Henry Corporation's balance sheet reported the following:
Common Stock, par $10, authorized 100,000 shares, issued 10,000 shares $100,000
Capital in excess of par value 50,000
During 2025, the following selected transactions occurred (assume they occurred in the order given):
(1) Issued a 10% stock dividend; 1,000 shares issued when the market price was $12.
(2) 200 shares of
(3) Declared and paid a cash dividend of $19,800.
(4) Net income was $30,000.
Prepare the stockholders' equity section of the balance sheet as of December 31, 2025.
Please don't provide answer in image format thank you
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