Question

 Reporting Stockholders' Equity

 Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high- quality steaks and other premium offerings. Assume that the information is from a recent annual report:

 a. Common stock, $0.01 par value; 100,000,000 shares authorized; 34,990,170 issued and outstanding at the end of the current year; 34,333,858 issued and outstanding at the end of last year.

 b. Additional paid-in capital: $169,107,000 at the end of the current year and $155,455,000 at the end of last year.

 c. Retained earnings / (accumulated deficit): ($68,804,000) at the end of last year.

 d. In the current year, net income was $16,455,000 and a cash dividend of $7,138,000 was paid.

 Required:

 Prepare the stockholders' equity section of the balance sheet to reflect the above information for the current year and last year.

Answer 1

Balance sheet
	current year	last year
Shareholders' equity
Common stock	$349,902	$343,339
Additional paid in capital	$169,107,000	$155,455,000
Accumulated deficit	($59,487,000)	($68,804,000)
Retained earnings	$0	$0
Total stockholder equity	$109,969,902	$86,994,339

Answer 2

	Current Year	Last Year
Stockholders' Euity
Common Stock	349,902	343,339
Additional Paid-in capital	169,107,000	155,455,000
Accumulated deficit	-59,487,000	-68,804,000
Total stockholders'equity	109,969,902	86,994,339

Accumualted deficit (current year)=16,455,000 - 7,138,000 + (-68,804,000) = -59,487,000