Question
4) The stockholders equity section for Harris Corporation as of December 31, 2008 is as follows: Harris Corporation Stockholders Equity December 31, 2008 Preferred stock,
4) The stockholders equity section for Harris Corporation as of December 31, 2008 is as follows: Harris Corporation Stockholders Equity December 31, 2008 Preferred stock, $100 par, 6% cumulative, 10,000 shares authorized, 6,500 shares issued: $ 650,000 Common Stock, $10 par, 200,000 shares authorized, 120,000 shares issued: 1,200,000 Paid-In-Capital In Excess of Par, Common: 420,000 Total paid-in capital: 2,270,000 Retained Earnings: 467,000 Total Stockholder's Equity: $2,737,000 For each of the following transactions, indicate the amount of the effect of each transaction on common stock, paid-in capital in excess of par - common, and retained earnings. If appropriate, write no effect. Dec. 1 The corporation declared the required cash dividend on the preferred stock and a $1.15 dividend on the common stock. Dec. 11 The corporation paid the dividends declared on December 1. Dec. 15 The corporation sold 5,000 shares of common stock for $19 per share
Date | Common Stock | Paid in Capital in Excess of Par-Common | Retained Earnings |
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