Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $130,000; Additional Paid-In Capital, $3,425,000; and Retained Earnings, $13,000,000. During June, Noric issued for cash 40,000 shares of common stock (with a stated value of $1) at $14 per share. Noric reported the following results for the month ended October 31: Net income $2,400,000 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 Additional Paid-In Common Retained Capital Stock Earnings Total
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $130,000; Additional Paid-In Capital, $3,425,000; and Retained Earnings, $13,000,000. During June, Noric issued for cash 40,000 shares of common stock (with a stated value of $1) at $14 per share. Noric reported the following results for the month ended October 31: Net income $2,400,000 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 Additional Paid-In Common Retained Capital Stock Earnings Total
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Statement of stockholders' equity
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $130,000; Additional Paid-In Capital, $3,425,000; and Retained Earnings,
$13,000,000., During June, Noric issued for cash 40,000 shares of common stock (with a stated value of $1) at $14 per share. Noric reported the following results for the
month ended October 31:
Net income
$2,400,000
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
às 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
Additional
Paid-In
Common
Retained
Capital
Stock
Earnings
Total
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