Stockholders' Equity section of the Balance Sheet
The following accounts are available for Martina Corp. on Dec 31, 2003.
Common stock, par value P50, 50 000 shares authorized, Issued 15 000 shares 750 000
Paid-in capital in excess of par value-preferred 15 000
Paid-in capital in excess of par value – common 35 000
Subscribed common stock (500 shares 50 000
Subscribed receivable – common 10 000
Subscribe preferred stock (1 000 shares) 100 000
Subscriptions receivable-preferred 40 000
Required:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
