please help Reporing stockholders equity Stockholders\' Equity ons Using the fol

Question

please help

Reporing stockholders equity Stockholders' Equity ons Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries Five-hundred thousand shares of common stock are authorized, and 40,000 shares have been reacquired. Common Stock, $120 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $48,000,000 4,500,000 6,400,000 63,680,000 5,200,000 Accounts and Amount Descriptions Accounts and Amount Descriptions Common stock, $60 par (500,000 shares authorized, 360,000 shares issued) vext ) Pre Check My Work 1 more Check My Work uses remaining

Explanation / Answer

Stockholder's equity

Paid in capital Common Stock 48000000.00 Excess of issue price over par 6400000.00 Paid in capital from sale of treasury stock 4500000.00 Total paid in capital 58900000 Retained earnings 63680000 Total 122580000 Less: Treasury stock -5200000 Total Stockholder's equity 117380000

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.