Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.
Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Module 6 Problem Set
1. EX.12.01.ALGO
2. EX.11.01
3. BE.12.06.ALGO
4. BE.12.03.ALGO
5. BE.12.08.ALGO
6. BE.12.01.ALGO
7. BE.12.07
8. BE.11.07
Statement of stockholders' equity
Noric Cruises Inc. began the month of October with the
following balances: Common Stock, $150,000; Additional Paid-
In Capital, $3,225,000; and Retained Earnings, $12,400,000.
During June, Noric issued for cash 50,000 shares of common
stock (with a stated value of $1) at $16 per share. Noric
reported the following results for the month ended October 31:
Net income
Cash dividends declared
Prepare a statement of stockholders' equity for the month
ended October 31. If there is a net loss or there has been a
decrease in stockholders' equity, enter that amount as a
negative number using a minus sign. If an amount box does
not require an entry, leave it blank.
Noric Cruises Inc.
Statement of Stockholders' Equity
For the Month Ended October 31
Balances, October 1
Issued Common Stock
Net Income
Dividends
✓
Balances, October 31
✓
✓
$2,350,000
475,000
✓
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
$
Total
?
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