Chapter 5, Problem 12E

Stock Issuances and the Statement of Stockholders’ Equity

LO5-3

In a recent year, Coach, Inc., a designer and marketer of handbags and other accessories, issued 12,100 shares of its $0.01 par value stock for $344,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the line on the statement of stockholders’ equity that would reflect this transaction. The statement has the following columns:

Common Stock	Additional Paid-in Capital	Retained Earnings	Total Stockholders’ Equity
Shares Amount