Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $130,000; Additional Paid-In Capital, $3,050,000; and Retained Earnings, $12,700,000. During October, 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 Cash dividends declared $2,450,000 485,000 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 Line Item Description Common Stock Additional Paid-In Capital Retained 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, $3,050,000; and Retained Earnings, $12,700,000. During October, 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 Cash dividends declared $2,450,000 485,000 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 Line Item Description Common Stock Additional Paid-In Capital Retained 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, $3,050,000; and
Retained Earnings, $12,700,000. During October, 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
$2,450,000
Cash dividends declared
485,000
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
Line Item Description
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings Total
$
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