Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2024, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued) Common stock, $5 par (98,500 shares authorized, 19,700 shares issued) Additional paid-in capital Retained earnings Total 1. 2. 3. 4. During 2025, Oriole took part in the following transactions concerning stockholders' equity. 5. 6. $200,000 7. 98,500 135,000 479,000 $912,500 Paid the annual 2024 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. Purchased 1,600 shares of its own outstanding common stock for $43 per share. Oriole uses the cost method. Reissued 800 treasury shares for land valued at $36,200. Issued 530 shares of preferred stock at $105 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share. Issued the stock dividend. Declared the annual 2025 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. Thes dividends are payable in 2026.
Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2024, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued) Common stock, $5 par (98,500 shares authorized, 19,700 shares issued) Additional paid-in capital Retained earnings Total 1. 2. 3. 4. During 2025, Oriole took part in the following transactions concerning stockholders' equity. 5. 6. $200,000 7. 98,500 135,000 479,000 $912,500 Paid the annual 2024 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. Purchased 1,600 shares of its own outstanding common stock for $43 per share. Oriole uses the cost method. Reissued 800 treasury shares for land valued at $36,200. Issued 530 shares of preferred stock at $105 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share. Issued the stock dividend. Declared the annual 2025 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. Thes dividends are payable in 2026.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2024, balance sheet.
Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued)
Common stock, $5 par (98,500 shares authorized, 19,700 shares issued)
Additional paid-in capital
Retained earnings
Total
1.
2.
3.
4.
During 2025, Oriole took part in the following transactions concerning stockholders' equity.
5.
6.
$200,000
7.
98,500
135,000
479,000
$912,500
Paid the annual 2024 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These
dividends had been declared on December 31, 2024.
Purchased 1,600 shares of its own outstanding common stock for $43 per share. Oriole uses the cost method.
Reissued 800 treasury shares for land valued at $36,200.
Issued 530 shares of preferred stock at $105 per share.
Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share.
Issued the stock dividend.
Declared the annual 2025 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These
dividends are payable in 2026.
Transcribed Image Text:(b)
Prepare the December 31, 2025, stockholders' equity section. Assume 2025 net income was $316,000. (Enter account name only
.Do not provide any descriptive information.)
ORIOLE COMPANY
Stockholders' Equity
LA
$
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