Question
he following table presents the long-term liabilities and stockholders equity of Information Control Corp. one year ago: Long-term debt $ 66,200,000 Preferred stock 4,120,000 Common
he following table presents the long-term liabilities and stockholders equity of Information Control Corp. one year ago: |
Long-term debt | $ | 66,200,000 |
Preferred stock | 4,120,000 | |
Common stock ($1 par value) | 16,200,000 | |
Accumulated retained earnings | 136,200,000 | |
Capital surplus | 46,200,000 | |
During the past year, Information Control issued 11.2 million shares of new stock at a total price of $60.4 million, and issued $36.2 million in new long-term debt. The company generated $11.4 million in net income and paid $3.2 million in dividends. |
Prepare the current balance sheet reflecting the changes that occurred at Information Control Corp. during the year. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, i.e. 1,234,567.) |
Control Corp. Current Balance Sheet | |
(Click to select)Preferred stockAccumulated retained earningsCommon stockAccounts payableLong-term debtCapital surplus | $ |
Total long-term debt | $ |
Shareholders equity | |
(Click to select)Accumulated retained earningsCommon stockPreferred stockCapital surplusAccounts payableLong-term debt | $ |
(Click to select)Accounts payableCommon stockPreferred stockLong-term debtCapital surplusAccumulated retained earnings | |
(Click to select)Common stockAccounts payableAccumulated retained earningsPreferred stockLong-term debtCapital surplus | |
(Click to select)Long-term debtCapital surplusAccumulated retained earningsAccounts payablePreferred stockCommon stock | |
Total equity | $ |
Total Liabilities & Equity | $ |
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