Building a Balance Sheet The following table presents the long-term liabilities and stockholders’ equity of Information Control Corp. one year ago:
Long-term debt | $72,000,000 |
Preferred stock | 9,000,000 |
Common stock ($1 par value) | 20,000,000 |
Accumulated retained earnings | 97,000,000 |
Capital surplus | 43,000,000 |
During the past year, Information Control issued 10 million shares of new stock at a total price of $43 million, and issued $10 million in new long -term debt. The company generated $9 million in net income and paid $2 million in dividends. Construct the current balance sheet reflecting the changes that occurred at Information Control Corp. during the year.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.