Question
Company reported the following items on its statement of shareholders' equity for the year ended December 31, 2018 (amounts in thousands of dollars) Data table
Company reported the following items on its statement of shareholders' equity for the year ended December 31,
2018
(amounts in thousands of dollars)
Data table
| $3.50 Par Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income | Total Shareholders' Equity |
---|---|---|---|---|---|
Balance, December 31, 2017. . . . . | $400 | $2,200 | $6,000 | $8 | $8,608 |
Net earnings. . . . . . . . . . . . . . . . . . . |
| 1,370 |
| ||
Other comprehensive income. . . . |
| 5 |
| ||
Issuance of stock. . . . . . . . . . . . . . . | 140 | 160 |
| ||
Cash dividends. . . . . . . . . . . . . . . . |
|
| (65) |
|
|
Balance, December 31, 2018. . . . . |
|
|
|
|
|
Requirements
1. | Determine the December 31, 2018, balances inRiverside's shareholders' equity accounts and total shareholders' equity. |
2. | Riverside's total liabilities on December 31,2018, are$7,000. What is the company's debt ratio on this date? |
3. | Was there a profit or a loss for the year ended December 31, 2018? How can you tell? |
4. | At what price per share did Riverside issue common stock during2018? |
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