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Billie Corporations stockholders equity at December 31, 2008, consisted of the following (in thousands) : Capital stock, $10 par 80,000 shares issued and outstanding $
Billie Corporations stockholders equity at December 31, 2008, consisted of the following
(in thousands) :
Capital stock, $10 par 80,000 shares issued and outstanding $ 800
Additional paid in capital 200
Retained Earnings 300
On January 1, 2009, Mandy Corporation purchased 20,000 previously unissued shares of
Billie stock directly from Billie for $ 600,000.
During the year Billie reported profits of $ $ 60,000 and paid dividends of 35 cents per share
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