Stockholders' Equity Section of Balance Sheet The following Stockholders’ Equity section of the balance sheet prepared as of the end of the current year: Stockholders’ Equity Paid-in capital: Preferred 2% stock, $60 par (94,000 shares authorized and issued) $5,640,000 Excess of issue price over par 375,000 $6,015,000 Retained earnings 72,525,000 Treasury stock (56,000 shares at cost) 868,000 Dividends payable 323,000 Total paid-in capital $79,731,000 Common stock, $10 par (750,000 shares authorized, 619,000 shares issued) 6,623,000 Organizing costs 225,000 Total stockholders' equity $86,579,000 Prepare a corrected Stockholders' Equity section. Use the minus sign to indicate any values that are deducted on the statement. Stockholders' Equity Paid-In Capital: blank $- Select - blank - Select - blank blank blank $- Select - blank $- Select - blank - Select - blank blank blank - Select - blank Total paid-in capital blank $fill in the blank 13 blank - Select - blank - Select - Total stockholders' equity blank $fill in the blank 18
Stockholders' Equity Section of Balance Sheet The following Stockholders’ Equity section of the balance sheet prepared as of the end of the current year: Stockholders’ Equity Paid-in capital: Preferred 2% stock, $60 par (94,000 shares authorized and issued) $5,640,000 Excess of issue price over par 375,000 $6,015,000 Retained earnings 72,525,000 Treasury stock (56,000 shares at cost) 868,000 Dividends payable 323,000 Total paid-in capital $79,731,000 Common stock, $10 par (750,000 shares authorized, 619,000 shares issued) 6,623,000 Organizing costs 225,000 Total stockholders' equity $86,579,000 Prepare a corrected Stockholders' Equity section. Use the minus sign to indicate any values that are deducted on the statement. Stockholders' Equity Paid-In Capital: blank $- Select - blank - Select - blank blank blank $- Select - blank $- Select - blank - Select - blank blank blank - Select - blank Total paid-in capital blank $fill in the blank 13 blank - Select - blank - Select - Total stockholders' equity blank $fill in the blank 18
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following Stockholders’ Equity section of the balance sheet prepared as of the end of the current year:
| Stockholders’ Equity | ||
| Paid-in capital: | ||
| $5,640,000 | ||
| Excess of issue price over par | 375,000 | $6,015,000 |
| 72,525,000 | ||
| 868,000 | ||
| Dividends payable | 323,000 | |
| Total paid-in capital | $79,731,000 | |
| Common stock, $10 par (750,000 shares authorized, 619,000 shares issued) | 6,623,000 | |
| Organizing costs | 225,000 | |
| Total stockholders' equity | $86,579,000 |
Prepare a corrected Stockholders' Equity section. Use the minus sign to indicate any values that are deducted on the statement.
Stockholders' Equity
| Paid-In Capital: | blank | ||
|
|
$- Select - | blank | |
|
|
- Select - | blank | blank |
|
|
blank | $- Select - | blank |
|
|
$- Select - | blank | |
|
|
- Select - | blank | blank |
|
|
blank | - Select - | blank |
| Total paid-in capital | blank | $fill in the blank 13 | |
|
|
blank | - Select - | |
|
|
blank | - Select - | |
| Total stockholders' equity | blank | $fill in the blank 18 |
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