ch 12 Q 9

Statement of stockholders' equity Noric Cruises Ine. began the month of October with the following balances: Common Stock, $150,000; AddAional Paid-In Capital, 53,350,000; and Retained Earnings, 512,700,000. During October, Noric issued for cash 40,000 shares of common stock (with a stated value of $1 ) at $13 per sharth. Noric repoited the foliowing fesults for the month ended October 31 : Prepare a statement of stockholders' equity for the month ended October. 31. If there is a net loss or there has been a decrease in stocknolders' equiby, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. leoduesk roteskiny Work The statement of stockholders' equity shows the beginning balances of common stock and retained earnings. The cornmen stock balance ay be increased by any rrock issued during the peried. Retained carnings will be increased by any net income and decresied by any mat losses and dividesds