Kevin Flynn Corporations adjusted trial balance contained the following accounts at December 31, 2008 Retained Earnings $120,000 Common Stock $700,000 Bonds Payable $100,000 Additional Paid in Capital $200,000 Goodwill $55,000 Treasury Stock $150,000 Prepare the stockholders equity section of the b...

Stockholders equity Common stock ...

Kevin Flynn Corporations adjusted trial balance contained the following accounts at December 31, 2008: Retained Earnings $120,000;

Question:

Kevin Flynn Corporation’s adjusted trial balance contained the following accounts at December 31, 2008: Retained Earnings $120,000; $700,000; Bonds Payable $100,000; Additional Paid-in Capital $200,000; $55,000; Treasury Stock $150,000. Prepare the stockholders’ equity section of the balance sheet.

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...