Other Equity Items Red Rider Company has the following stockholders’ equity section on its balance sheet as of December 31, 2009 and 2008.

Based on this stockholders’ equity section, answer the following questions:
1. At the end of 2009, what was the total amount of equity financing provided by Red Rider’s investors?
2. At the end of 2009, how much of Red Rider’s earnings had not been distributed to investors?
3. What is the total amount of “other equity items” contained in the 2009 stockholders’
equity section?
4. What contributed most to the increased equity from 2008 to 2009?

Transcribed Image Text:

Red Rider Company (in millions) Stockholders' Equity Preferred stock.. Common stock. Paid-in capital-various Retained earnings Subtotal... Accumulated foreign currency translation adjustments Net unrealized gains on investments in certain debt and equity securities Total stockholders' equity 2009 2008 $ 2.0 $ 2.0 32.0 32.0 12.4 11.2 24.5 24.6 $ 70.9 $69.8 5.2 4.5 25.6 20.0 $101.7 $94.3