Question

Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Two hundred fifty thousand shares of common stock are authorized, and 19,800 shares have been reacquired. Common Stock, $60 par $11,400,000 Paid-In Capital from Sale of Treasury Stock 313,000 Paid-In Capital in Excess of Par—Common Stock 3,280,000 Retained Earnings 18,940,000 Treasury Stock 1,287,000

Answer 1

Answer: calculation of stack holders Equity section of the balance sheet. particulars | Amount amount common stock & 6o, per, 250,000 shares authorised,199,200 shares issued $11400,000 paid in capital in excess of par *3,280,000 paid in capital from sale of Treasury stock $313,000 $18.940,000 $33933000 Less: Treaseery stock 19800 shares $1987,000 Tolal stock holder's Equity $32,646,000 Retained Earnings