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can someone help with work shown i need it tonight but want to understand it please. thank you! The stockholders equity accounts of Ayayal Corp.
can someone help with work shown i need it tonight but want to understand it please. thank you!
The stockholders equity accounts of Ayayal Corp. on January 1, 2025, were as follows. Preferred Stock (7% $100 par noncumulative. 12,000 shares authorized) $720,000 Common Stock ($4 stated value, 720,000 shares authorized) 2,400,000 Paid-in Capital in Excess of Par-Preferred Stock 36,000 Paid-in Capital in Excess of Stated Value Common Stock 1.152.000 Retained Earnings Treasury Stock (12,000 common shares) 1,651.200 96,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity Feb 1 Issued 12,000 shares of common stock for $72.000 Purchased 2,400 additional shares of common treasury stock at $7 per share Mar. 201 Oct. 1 Nov 1 Dec. 1 Declareda 7% cash dividend on preferred stock, payable November 1 Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31.2 Dec 31 Determined that net income for the year was $670.000. Paid the dividend declared on December 1.
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