Components of Stockholders Equity Nash Company has the following accounts among the items on its balance sheet

Question:

Components of Stockholders’ Equity Nash Company has the following accounts among the items on its balance sheet at December 31, 2010:

Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding

Preferred Stock, $100 par, 8%, cumulative, 1,000 shares authorized, issued, and outstanding

Cash Dividend Payable ..............$ 50,000

Retained Earnings ................. 100,000

Additional Paid-In Capital................. 200,000

Investment in Common Stock of Horton Company .... 60,000

Treasury Stock, 1,000 shares, common stock ........ 20,000

Accumulated Other Comprehensive Income—Unrealized

Gain on Investment Security .............. 5,000

Required

Develop the Stockholders’ Equity section of the balance sheet for Nash Company at December 31, 2010.

Common Stock
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