Preferred stock, 9%, $100 par (10,000 shares authorized, 1,800 shares issued) Common stock, $5 par (101,500 shares authorized, 20,300 shares issued) Additional paid-in capital Retained earnings Total $180,000 101,500 130,000 486,000 $897,500 During 2025, Swifty took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2024 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,800 shares of its own outstanding common stock for $41 per share. Swifty uses the cost method. 3. Reissued 700 treasury shares for land valued at $31,400. 4. Issued 510 shares of preferred stock at $104 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share. Issued the stock dividend. 6. 7. Declared the annual 2025 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2026.
Preferred stock, 9%, $100 par (10,000 shares authorized, 1,800 shares issued) Common stock, $5 par (101,500 shares authorized, 20,300 shares issued) Additional paid-in capital Retained earnings Total $180,000 101,500 130,000 486,000 $897,500 During 2025, Swifty took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2024 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,800 shares of its own outstanding common stock for $41 per share. Swifty uses the cost method. 3. Reissued 700 treasury shares for land valued at $31,400. 4. Issued 510 shares of preferred stock at $104 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share. Issued the stock dividend. 6. 7. Declared the annual 2025 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2026.
Chapter1: Financial Statements And Business Decisions
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