I need help on numbers E10-21A, E10-22A, E10-23A, E10-24A, E10-25A, and E10-27A

Question

I need help on numbers E10-21A, E10-22A, E10-23A, E10-24A, E10-25A, and E10-27A PLEASE!!!
Thank you :) E10-21A. (Learning Objectives 3,6: Show bow treasury stock affects a company; prepare the stockbolders' equity section of a balance sheet) Carey Software had the following selected account balances at December 31, 2014 (in thousands, except par value per share): Common stock, $0.25 par authorized, 500 shares Inventory..1,120 S 1,120 Property, plant, and per share, 900 shares equipment, net . 2,860 125 Retained earnings.2,316 Accounts receivable, net1,030 1,274 Paid-in capital in excess of par..93 issued Treasury stock 1,485 90 shares at cost.. Accumulated other comprehensive income (loss) ..(732)* Debit balance Requirements 1. Prepare the stockholders' equity section of Carey's balance sheet (in thousands). 2. How can Carey have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par

Explanation / Answer

Problem E10-21A.

1. Stockholder's Equity Section

2. When the sale of treasury stock results in a loss and it exceeds the credit balance in Paid - in Capital from Treasury Stock, then the company may have larger balance in treasury stock than the sum of common stock and paid in capital in excess of par.

$ Paid in capital in excess of par 903 Accumulated Other Comprehensive Income (732) Common Stock share capital issued 125 Retained Earnings 2316 Less: Treasury Stock (1485) Total Stockholder's Equity 1127

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

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