Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below. FSB Enterprises Balance Sheet (partial) At December 31, 202A Stockholders' Equity: Preferred stock (Par $100) Common stock (Par $0.20) Additional Paid in capital 1,000,000 120,000 8,915,000 Total paid in capital Retained earnings Treasury stock (3,00 common shares) Total stockholders equity 10,035,000 1,400,000 -54,000 11,381,000
Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below. FSB Enterprises Balance Sheet (partial) At December 31, 202A Stockholders' Equity: Preferred stock (Par $100) Common stock (Par $0.20) Additional Paid in capital 1,000,000 120,000 8,915,000 Total paid in capital Retained earnings Treasury stock (3,00 common shares) Total stockholders equity 10,035,000 1,400,000 -54,000 11,381,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...
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Need questions 3,4 and 5
![2b How many of the common shares are outstanding?
3 If the common shares were issued at $15 per share, at what average price
were preferred shares issued? Carry to two decimals.
4 If retained earnings at the beginning of the period was $1,250,000 and
$325,000 was earned in net income, what was the amount of dividends
declared during the year?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3345ebae-beba-4b89-b798-618af41f9361%2Fe0d94be7-78d5-47ce-9ae3-5a6e6287209f%2Fc56qrdr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2b How many of the common shares are outstanding?
3 If the common shares were issued at $15 per share, at what average price
were preferred shares issued? Carry to two decimals.
4 If retained earnings at the beginning of the period was $1,250,000 and
$325,000 was earned in net income, what was the amount of dividends
declared during the year?
![Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below.
FSB Enterprises
Balance Sheet (partial)
At December 31, 202A
Stockholders' Equity:
Preferred stock (Par $100)
1,000,000
120,000
Common stock (Par $0.20)
Additional Paid in capital
8,915,000
Total paid in capital
Retained earnings
10,035,000
1,400,000
Treasury stock (3,000 common shares)
Total stockholders equity
-54,000
11,381,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3345ebae-beba-4b89-b798-618af41f9361%2Fe0d94be7-78d5-47ce-9ae3-5a6e6287209f%2Ftn0kled_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below.
FSB Enterprises
Balance Sheet (partial)
At December 31, 202A
Stockholders' Equity:
Preferred stock (Par $100)
1,000,000
120,000
Common stock (Par $0.20)
Additional Paid in capital
8,915,000
Total paid in capital
Retained earnings
10,035,000
1,400,000
Treasury stock (3,000 common shares)
Total stockholders equity
-54,000
11,381,000
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