4. 400 points 3 Prepare the stodholders equity section of the balance sheet at D

Question

4. 400 points 3 Prepare the stodholders equity section of the balance sheet at December 31 (Amounts to be deducted should be indicated by a minus sign Balance Sheet (Partia Required Information Equity Contributed Capital The followng Information applies to the questions displayed below Globel Merine obsained e cherter from the stese in Jenuery thet authorized 1000,000 shares of common stock, $5 per velue During the fest year the company earned $330,000 of net income and the following selected trensections occurred in the order given Total Contributed Capital e huued 120.000 shares ore, common stock et 48 cesh per share. b Reecored ,000 shares et $43 cesh per share c essued 6,500 shares from, treesury for $44 per share d Reissued 6.500 shares from treesury for $42 per share Total Total Stockholders Equity References eBook & Resources Financial Statement Check my work

Explanation / Answer

3. Stockholder's equity :

Contributed capital Common stock 600000 Paid in capital in excess of par value 5160000 Total paid in capital 5760000 Net income 330000 Total 6090000 Less : Treasury stock (215000) Shareholder's equity 5875000

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