The stockholder's equity section of the balance sheet contains. .common stock .preferred stock .Additional stock .other accumulated comprehensive income. .Retained earnings It is important to understand how changes in the accounts impact the balance sheet and the financial position of the organization Genaing inc.has $200,000 of 5%, $10 par value preferred stock and $450,000 of $5 par value common stock issued and outstanding Dec. 31,2021 There were no stock issuance, stock splits or stoxk dividends for 2021. The organization's calender end is on Dec.31 2021. Preferred stock did not receive any dividends for 2019 or 2020 because the company did not have enough cash reserves to pay out dividends. The preferred stock has a mix characteristics .10% of the preferred stock is noncumulative, nonparticipating .20% of the preferred stock is cumulative, nonparticipating .20% of the preferred stock is noncumulative ,participating .50 of the preferred stock is cumulative, participating The current year's net is $795,000 and the company declared and paid dividends of $50,000 during the calender year. The beginning retaine earnings balance at january 1, 2021 was $600,000. The company also had $80,000 in treasury stock at Dec.31, 2021. Based on the information presented by Gensing inc. 1. How many shares of the outstanding preferred stock are noncumulative and participating ar Dec.31, 2020? 2. How many shares of the outstanding pteferred stock are cumulative and nonparticipating at Dec31 2020? 3.How many shares of the outstanding preferred stock are noncumulative and nonparticipating at Dec.31 2020? 4. What amount is of dividends in arrrers was paid in 2021? 5.what is the ending retained earnings balance for the organization at Dec. 31 2021? 6. What type of account is treasury stock. Please help the six questions to help my understanding. Thanks
The
.common stock
.preferred stock
.Additional stock
.other accumulated comprehensive income.
.
It is important to understand how changes in the accounts impact the balance sheet and the financial position of the organization
Genaing inc.has $200,000 of 5%, $10 par value preferred stock and $450,000 of $5 par value common stock issued and outstanding Dec. 31,2021
There were no stock issuance, stock splits or stoxk dividends for 2021. The organization's calender end is on Dec.31 2021.
Preferred stock did not receive any dividends for 2019 or 2020 because the company did not have enough cash reserves to pay out dividends.
The preferred stock has a mix characteristics .10% of the preferred stock is noncumulative, nonparticipating
.20% of the preferred stock is cumulative, nonparticipating
.20% of the preferred stock is noncumulative ,participating
.50 of the preferred stock is cumulative, participating
The current year's net is $795,000 and the company declared and paid dividends of $50,000 during the calender year.
The beginning retaine earnings balance at january 1, 2021 was $600,000. The company also had $80,000 in
Based on the information presented by Gensing inc.
1. How many shares of the outstanding preferred stock are noncumulative and participating
2. How many shares of the outstanding pteferred stock are cumulative and nonparticipating at Dec31 2020?
3.How many shares of the outstanding preferred stock are noncumulative and nonparticipating at Dec.31 2020?
4. What amount is of dividends in arrrers was paid in 2021?
5.what is the ending retained earnings balance for the organization at Dec. 31 2021?
6. What type of account is treasury stock.
Please help the six questions to help my understanding. Thanks
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