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 $2,350,000 475,000 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
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 $2,350,000 475,000 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
$2,350,000
475,000
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
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