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Stockholder's Equity: Paid-In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and oritstanding) Excess of issue price over par $24,000.00 $60,000.00 Paid in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, $84,000.00 11 12 125,000 issued) $250,000.00 Excess of issue price over par $1,250,000.00 13 Paid- In Capital- Common Stock Total Paid- In Capital 16 Retained Earnings: 14 $1,500,000.00 $1,584,000.00 $250,000.00 $3,418,000.00 15 17 Total 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20 21 Instructions Stockholder's Equity Section Questions

Stockholder's Equity: Paid-In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and oritstanding) Excess of issue price over par $24,000.00 $60,000.00 Paid in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, $84,000.00 11 12 125,000 issued) $250,000.00 Excess of issue price over par $1,250,000.00 13 Paid- In Capital- Common Stock Total Paid- In Capital 16 Retained Earnings: 14 $1,500,000.00 $1,584,000.00 $250,000.00 $3,418,000.00 15 17 Total 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20 21 Instructions Stockholder's Equity Section Questions

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How will the payment of cash dividends affect total equity? Be specific 

AutoSave Accounting 2102 Assessment Fall 2020 - Excel O Search Morgan Claire McGrew MC 口 File Home Insert Draw Page Layout Formulas Data Review View Help S Share P Comments Calibri 14 A A 2 Wrap Text Currency E Insert Σ Paste Delete BIU EMerge & Center $ - % > 58 99 Conditional Format as 00 Cell Sort & Find & Ideas Sensitivity Formatting Table Styles Format Filter Select - Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity G19 3402000 A В H. K M Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: 6 Paid- In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and outstanding) Excess of issue price over par 8. $24,000.00 $60,000.00 Paid in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, 125,000 issued) Excess of issue price over par 10 $84,000.00 11 12 $250,000.00 13 $1,250,000.00 Paid - In Capital - Common Stock $1,500,000.00 14 Total Paid- In Capital $1,584,000.00 $250,000.00 15 16 Retained Earnings: 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20 21 Instructions Stockholder's Equity Section Questions 100% 1:30 PM P Type here to search a 11/25/2020 12 4. 5.
Transcribed Image Text:AutoSave Accounting 2102 Assessment Fall 2020 - Excel O Search Morgan Claire McGrew MC 口 File Home Insert Draw Page Layout Formulas Data Review View Help S Share P Comments Calibri 14 A A 2 Wrap Text Currency E Insert Σ Paste Delete BIU EMerge & Center $ - % > 58 99 Conditional Format as 00 Cell Sort & Find & Ideas Sensitivity Formatting Table Styles Format Filter Select - Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity G19 3402000 A В H. K M Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: 6 Paid- In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and outstanding) Excess of issue price over par 8. $24,000.00 $60,000.00 Paid in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, 125,000 issued) Excess of issue price over par 10 $84,000.00 11 12 $250,000.00 13 $1,250,000.00 Paid - In Capital - Common Stock $1,500,000.00 14 Total Paid- In Capital $1,584,000.00 $250,000.00 15 16 Retained Earnings: 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20 21 Instructions Stockholder's Equity Section Questions 100% 1:30 PM P Type here to search a 11/25/2020 12 4. 5.
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