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ome Tools Stockholder's Eq...X 51.9% STATEMENT PRESENTATION OF STOCKHOLDERS' EQUITY.; -THOMAS CORPORATION- Stockholders' equity Paid-in capital Capital stock 9% Preferred stock, $10 par value, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding Common stock, no par, $4 stated value, 50,000 shares authorized, 40,000 shares issued, and 39,000 outstanding Total capital stock Additional paid-in capital in excess of par value-preferred stock 50,000 In excess of stated value-common stock240,000 Total additional paid-in capical Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock-commonshares) Total stockholders' equity Answer the fellowingQueston & whet price par shore ws e Pelnd stud sod? Soled 9. twhat Pria er shure s the Connen Stoee sold? io. what priu. Per share, Was paid for the Tealay got: How much wil the Cuvears Assume oll Stares were suad, at one ts alExplanation / Answer
Answers
Stockholder's Equity
Paid in Capital: Capital Stock
9% Preferred stock
[5,000 shares issued x $10 par]
$ 50,000.00
Common Stock
[40,000 shares issued x $ 4 stated value]
$ 160,000.00
Total Capital Stock
$ 210,000.00
Additional Paid in Capital:
In excess of Par value - Preferred Stock
$ 50,000.00
In excess of Stated value - Common Stock
$ 240,000.00
Total additional paid in Capital
$ 290,000.00
Total Paid in Capital
$ 500,000.00
Retained Earnings
$ 300,000.00
Total Paid in Capital & Retained Earnings
$ 800,000.00
Less: Treasury Stock - Common Stock 1,000 shares
$ (15,000.00)
Total Stock holder's Equity
$ 785,000.00
Answer 8
9% Preferred stock
$ 50,000.00
In excess of Par value - Preferred Stock
$ 50,000.00
Total Value of Issuance
$ 100,000.00
No. of preferred stock shares
5000
Price per share at which stock was sold
$ 20.00
Answer 9
Common Stock
$ 160,000.00
In excess of Stated value - Common Stock
$ 240,000.00
Total Value of Issuance
$ 400,000.00
No. of common stock shares issued
40000
Price per share at which common stock was sold
$ 10.00
Answer 10
Value of Treasury Stock - Common Stock shares
$ 15,000.00
No. of shares held as Treasury Stock
1000
Price paid for the Treasury Stock
$ 15.00
Answer 11
9% Preferred stock
$ 50,000.00
[5,000 shares issued x $10 par]
Dividend for current year
$ 4,500.00
Stockholder's Equity
Paid in Capital: Capital Stock
9% Preferred stock
[5,000 shares issued x $10 par]
$ 50,000.00
Common Stock
[40,000 shares issued x $ 4 stated value]
$ 160,000.00
Total Capital Stock
$ 210,000.00
Additional Paid in Capital:
In excess of Par value - Preferred Stock
$ 50,000.00
In excess of Stated value - Common Stock
$ 240,000.00
Total additional paid in Capital
$ 290,000.00
Total Paid in Capital
$ 500,000.00
Retained Earnings
$ 300,000.00
Total Paid in Capital & Retained Earnings
$ 800,000.00
Less: Treasury Stock - Common Stock 1,000 shares
$ (15,000.00)
Total Stock holder's Equity
$ 785,000.00
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