Reporting Stockholders' Equity On December 31, 2020, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares authorized Paid-in capital in excess of par-Preferred stock Common stock, $1 par, 250,000 shares authorized Paid-in capital in excess of par-Common stock Retained earnings Accumulated other comprehensive income Treasury stock, 2,880 shares Noncontrolling interests $48,000 Cr. 192,000 Cr. 84,000 Cr. 1,152,000 Cr. 864,000 Cr. 115,200 Cr. 132,000 Dr. 12,000 Cr. Prepare the stockholders' equity section of the balance sheet for Nakoma Inc. on December 31, 2020. State the par value per share, and the number of shares authorized, issued, and outstanding for common stock and preferred stock on the face of the statement. Balance Sheet (excerpt) December 31, 2020 Stockholders' equity Common stock ($1 par value, 250,000 shares authorized, 0 shares issued, Preferred stock ($100 par value, 5,000 shares authorized, 0 shares issued and outstanding) Paid-in capital in excess of par Retained earnings 0 shares outstanding) $ Accumulated other comprehensive income Less: Treasury stock, 2,880 shares Total equity attributable to Nakoma Inc. stockholders Equity attributable to noncontrolling interests Total stockholders' equity $ 0 0 OOO OO 0 0 0 0 OO 0 0
Reporting Stockholders' Equity On December 31, 2020, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares authorized Paid-in capital in excess of par-Preferred stock Common stock, $1 par, 250,000 shares authorized Paid-in capital in excess of par-Common stock Retained earnings Accumulated other comprehensive income Treasury stock, 2,880 shares Noncontrolling interests $48,000 Cr. 192,000 Cr. 84,000 Cr. 1,152,000 Cr. 864,000 Cr. 115,200 Cr. 132,000 Dr. 12,000 Cr. Prepare the stockholders' equity section of the balance sheet for Nakoma Inc. on December 31, 2020. State the par value per share, and the number of shares authorized, issued, and outstanding for common stock and preferred stock on the face of the statement. Balance Sheet (excerpt) December 31, 2020 Stockholders' equity Common stock ($1 par value, 250,000 shares authorized, 0 shares issued, Preferred stock ($100 par value, 5,000 shares authorized, 0 shares issued and outstanding) Paid-in capital in excess of par Retained earnings 0 shares outstanding) $ Accumulated other comprehensive income Less: Treasury stock, 2,880 shares Total equity attributable to Nakoma Inc. stockholders Equity attributable to noncontrolling interests Total stockholders' equity $ 0 0 OOO OO 0 0 0 0 OO 0 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Reporting Stockholders' Equity
On December 31, 2020, Nakoma Inc. had the following account balances.
Preferred stock, $100 par, 5,000 shares authorized
Paid-in capital in excess of par-Preferred stock
Common stock, $1 par, 250,000 shares authorized
Paid-in capital in excess of par-Common stock
Retained earnings
Accumulated other comprehensive income
Treasury stock, 2.880 shares
Noncontrolling interests
Balance Sheet (excerpt)
December 31, 2020
Prepare the stockholders' equity section of the balance sheet for Nakoma Inc. on December 31, 2020. State the par value per share, and the number of shares
authorized, issued, and outstanding for common stock and preferred stock on the face of the statement.
$48,000 Cr.
192,000 Cr.
84,000 Cr.
1,152,000 Cr.
864,000 Cr.
115,200 Cr.
Paid-in capital in excess of par
Retained earnings
Stockholders' equity
Common stock ($1 par value, 250,000 shares authorized,
0 shares issued,
132,000 Dr.
12,000 Cr.
0 shares outstanding) $
Preferred stock ($100 par value, 5,000 shares authorized,
0 shares issued and outstanding)
Accumulated other comprehensive income
Less: Treasury stock, 2,880 shares
Total equity attributable to Nakoma Inc. stockholders
Equity attributable to noncontrolling interests
Total stockholders' equity
$
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