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Documenti Word REFERENCES MAUNGS REVIEW VIEW ry A, :E a T Normal No Spac... Heading 1 Heading 2 Headline Paragraph Styles. Exercise 15-18 (Part Level

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Documenti Word REFERENCES MAUNGS REVIEW VIEW ry A, :E a T Normal No Spac... Heading 1 Heading 2 Headline Paragraph Styles. Exercise 15-18 (Part Level Submission) Carla Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. preferred stock, 9%, $100 par (10,000 shares authorized, 1,900 shares $190,000 sued) Common stock, $5 par (108,500 shares authorized, 21,700 shares issued) 108,500 116,000 Additional paid-in capital 424,000 Retained earnings $838,500 Total During 2017, Carla took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2016 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016. 2. purchased 1,600 shares of its own outstanding common stock for $39 per share. Carla uses the cost method. 3. Reissued 800 treasury shares for land valued at $31,600. 4. Issued 460 shares of preferred stock at $103 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $42 per share. 6. Issued the stock dividend. 7. Declared the annual 2017 s9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018

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