TANDY, INCORPORATED | ||
Balance Sheet (Partial) | ||
At December 31, this year | ||
Stockholders' equity: | ||
Contributed capital: | ||
Common stock | 130,200 | |
Additional paid-in capital, common stock | 303,800 | |
Common stock - Contributed capital | 434,000 | |
Preferred stock | 13,000 | |
Additional paid-in capital, Preferred stock | 18,200 | |
Preferred stock - Contributed capital | 31,200 | |
Total Contributed Capital | 465,200 | |
Retained earnings | 40,600 | |
Total Stockholders' equity | $505,800 |
Common stock = Number of common shares issued x Par value of one common share
21,700 x 6
= $130,200
Preferred stock = Number of preferred shares issued x Par value of one preferred share
= 1,300 x 10
= $13,000
Additional paid-in capital, common stock = Number of shares issued x ( issue price of one share- par value of one share)
= 21,700 x (20-6)
= 21,700 x 14
= $303,800
Additional paid-in capital, Preferred stock = Number of shares issued x ( issue price of one share- par value of one share)
= 1,300 x (24-10)
= 1,300 x 14
= $18,200
Kindly comment if you need further assistance. Thanks‼!
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