Preferred stock, 2% cumulative, $7.50 par, 100,000 shares authorized, ? shares issued and outstanding $ 600,000 Paid-in capital in excess of par: preferred Common stock, $? stated value, 700,000 shares authorized, 500,000 shares issued and outstanding Paid-in capital in excess of stated value: common Loans payable Retained earnings Total stockholders' equity Total legal capital 2,500,000 7,500,000 150,000 ? 12,072,000 ? The preferred stock was issued at an average price per share of $7.90. There were no dividends in arrears on January 1 or December 31. Distributions of $95,000 were
Preferred stock, 2% cumulative, $7.50 par, 100,000 shares authorized, ? shares issued and outstanding $ 600,000 Paid-in capital in excess of par: preferred Common stock, $? stated value, 700,000 shares authorized, 500,000 shares issued and outstanding Paid-in capital in excess of stated value: common Loans payable Retained earnings Total stockholders' equity Total legal capital 2,500,000 7,500,000 150,000 ? 12,072,000 ? The preferred stock was issued at an average price per share of $7.90. There were no dividends in arrears on January 1 or December 31. Distributions of $95,000 were
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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