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Given below is information for the Stockholder Equity section of Alpha Balance Sheet as of December 13, 2016 8% Preferred stock, $100 par value, 10,000
Given below is information for the Stockholder Equity section of Alpha Balance Sheet as of December 13, 2016
8% Preferred stock, $100 par value, 10,000 shares authorized, 5,000 shares issued and outstanding.
Common stock, no par, $2 stated value, 500,000 shares authorized, 204,000 shares issued and outstanding
Additional paid-in capital:
i) Preferred stock in excess of par value is $34,000
ii) Common stock in excess of stated value is $437,000
Requirements Prepare a Stockholders section of Alpha classified balance sheets of December 31, 2016.
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