Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,275,000; and Retained Earnings, $12,500,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $15 per share. Noric reported the following results for the month ended October 31: Net income $2,200,000 Cash dividends declared 480,000 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
Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,275,000; and Retained Earnings, $12,500,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $15 per share. Noric reported the following results for the month ended October 31: Net income $2,200,000 Cash dividends declared 480,000 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Statement of
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,275,000; and
| Net income | $2,200,000 |
| Cash dividends declared | 480,000 |
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 | ||||
Common Stock |
Additional Paid-In Capital |
Retained Earnings |
Total |
|
| $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | fill in the blank 5 | |
| fill in the blank 7 | fill in the blank 8 | fill in the blank 9 | fill in the blank 10 | |
| fill in the blank 12 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 | |
| fill in the blank 17 | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | |
| $fill in the blank 22 | fill in the blank 23 | fill in the blank 24 | fill in the blank 25 |
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