Trane Corporation has the following stockholders' equity accounts: Preferred Stock, Paid-in Capital in Excess of Par-Preferred Stock, Common Stock, Paid-in Capital in Excess of Stated Value-Common Stock, Paid-in Capital from Treasury Stock-Common, Retained Earnings, and Treasury Stock-Common. Classify each account using 'x' mark from the following table headings. Paid-in Capital Account Capital Stock Additional Retained Earnings Other Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock

Trane Corporation has the following stockholders' equity accounts: Preferred Stock, Paid-in Capital in Excess of Par-Preferred Stock, Common Stock, Paid-in Capital in Excess of Stated Value-Common Stock, Paid-in Capital from Treasury Stock-Common, Retained Earnings, and Treasury Stock-Common. Classify each account using 'x' mark from the following table headings. Paid-in Capital Account Capital Stock Additional Retained Earnings Other Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock

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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paid in capital includes the following except preferred stock par value common stock par value paid in capital excess of par common stock retained earnings
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Indicate the correct order in which to report the following accounts in the stockholders’ equity section of the balance sheet: Additional Paid-in Capital, Common Stock, Preferred Stock, Treasury Stock, and Retained Earnings.
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The Declaration on a stock dividend changes to total amount stockholder’s equity of the firm. True or False
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Presented below is information related to Cullumber Corporation: Common Stock, $1 par $10364000 Paid-in Capital in Excess of Par-Common Stock 6542000 Paid-in Capital from Treasury Stock 430000 Retained Earnings 9548000 696000 Treasury Common Stock (at cost) The total stockholders' equity of Cullumber Corporation is O $27580000. $26188000. $27150000. $25328000.
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