ALUMINUM COMPANY OF AMERICA | |
Balance Sheet (Partial) | |
December 31 | |
Shareholder equity | |
Paid - in Capital | |
Capital stock: | |
Preferred Stock | $56 |
Common stock | $925 |
Total capital stock [$56 + $925] | $981 |
Additional paid-in capital | $6,101 |
Total Paid-In Capital [$981 + $6,101] | $7,082 |
Retained Earnings | $7,428 |
Total Paid-In Capital and Retained Earnings [$7,082 + $7,428] | $14,510 |
Less: Treasury stock; | $2,828 |
Total Stockholders' Equity [$14,510 - $2,828] | $11,682 |
LLULIID UD VILI Exercise 11-25 A recent stockholders' equity section of Aluminum Company of America (Alcoa)...
Exercise 11-25 A recent stockholders' equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $56, retained earnings $7,428, and treasury stock $2,828. All dollar data are in millions.) The preferred stock has 557,740 shares authorized, with a par value of $100 and an annual $3.75 per share cumulative dividend preference. At December 31 of the current year, 557,649 shares of preferred are issued and 546,024 shares...
Exercise 11-25 A recent stockholders' equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $56, retained earnings $7,428, and treasury stock $2,828. (All dollar data are in millions.) The preferred stock has 557,740 shares authorized, with a par value of $100 and an annual $3.75 per share cumulative dividend preference. At December 31 of the current year, 557,649 shares of preferred are issued and 546,024 shares...
Exercise 11-11 The stockholders’ equity section of Monty Corp. at December 31 is as follow Monty Corp. Balance Sheet(Partial) Paid-in capital Preferred stock, cumulative, 14,000 shares authorized, 9,800 shares issued and outstanding $588,000 Common stock, no par, 880,000 shares authorized, 560,000 shares issued 1,120,000 Total paid-in capital 1,708,000 Retained earnings 1,858,000 Total paid-in capital and retained earnings 3,566,000 Less: Treasury stock (12,000 common shares) 62,400 Total stockholders’ equity $3,503,600 From a review of the stockholders’ equity section, as chief accountant,...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
Exercise 15-18 Nash Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,900 shares issued) $190,000 Common stock, $5 par (101,000 shares authorized, 20,200 shares issued) 101,000 Additional paid-in capital 125,000 Retained earnings 431,000 Total $847,000 During 2017, Nash took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per...
Exercise 15-18 Teal Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock. 9%, $100 par (10,000 shares authorized. 1.900 shares issued) $190,000 Common stock, 55 par (98,000 shares authorized, 19.600 shares issued) 98,000 Additional paid-in capital 117,000 Retained earnings 470,000 Total $875,000 During 2020, Teal took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 59 per share dividend on preferred stock and a $2 per...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance sheet at December 31, 2020: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity $670,000 1,420,000 2,900,000 $ 4,990,000 During 2021, the following events occurred: Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Chapter 13 Homework Stockholders' Equity Section of Balance Sheet Below is the stockholders' Equity section of the balance sheet prepared as of the end of the current year $10,000,000 500,000 Stockholders' Equity Pald-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Retained earnings Treasury stock (75,000 shares at cost) Dividends payable Total paid-in capital Common stock, 520 par (1,000,000 shares authorized, 825,000 shares issued) Organizing costs Total stockholders' equity Prepare a...
Exercise 1- (8 points) The stockholders' equity section of Fauberg Marigny Corporation at December 31 is as follows FAUBERG MARIGNY CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, $300,000 1500.000 1800,000 2050,000 3,850,000 64,000 $3,786.000 5,000 shares issued and outstanding Common Stock, no par, 750,000 shares authorized, 300,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,000 common shares) Total stockholders' equity Instructions From a review of the...