Stock, ported the following results for the month ended October 31: e is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using
Stock, ported the following results for the month ended October 31: e is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,500,000; and Retained Earnings, $12,000,000. During October, Noric issued for cash
of $1) at $18 per share. Noric reported the following results for the month ended October 31:
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
nk.
s' Equity
cober 31
Show Me
dditional
aid-In
Capital
00
Retained
Earnings Total
00000

Transcribed Image Text:Statement of stockholders' equity
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,500,000; and Retained Earnings, $12,000
40,000 shares of common stock (with a stated value of $1) at $18 per share. Noric reported the following results for the month ended October 31:
$2,300,000
490,000
Net income
Cash dividends declared
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 n
amount box does not require an entry, leave it blank.
Line Item Description
Balances, October 1
Issued Common Stock
Net Income
Dividends
Noric Cruises Inc.
Statement of Stockholders' Equity
For the Month Ended October 31
Balances, October 31
Feedback
Check My Work
Common
Stock
Show Me How
Additional
Paid-In
Capital
S
Retained
Earnings Total
00000
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