Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help. Feb. 15: Distributed the stock dividend Feb. 6: Declared a 15% stock dividend on the common stock. The market value of Fleck's stock was

help.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Feb. 15: Distributed the stock dividend Feb. 6: Declared a 15\% stock dividend on the common stock. The market value of Fleck's stock was $26 per share. Inl 29. Purchased 1.800 shares of treasury stock at $26 per share Darance smeet (ran trai) December 31, 2024 Stockholders' Equity Paid-In Capital: \begin{tabular}{|l|l|} \hline Common Stock- 515 Par Value; \\ \hline Total Paid-In Capital & shares authorized. \\ \hline \end{tabular} Total Stockholders: Eauitv Nov. 27: Declared a $0.30 per share cash dividend on the common stock outstanding. (Round your answers to ure rie Requirement 2. Prepare a retained earnings statement for the year ended December 31,2024 . Assume Fleck's net income for the year was $89,000 Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Check your spelling carefully a Feb. 6 Declared a 15\% stock dividend on common stock. The market value of Fleck's stock was $26 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 1,800 shares of treasury stock at \$26 per share. Nov. 27 Declared a $0.30 per share cash dividend on the common stock outstanding. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Paid-In Capital: } \\ \hline \begin{tabular}{l} Common Stock- $15 Par Value; 300,000 shares \\ authorized, 27,000 shares issued and outstanding \end{tabular} & $ & 405,000 \\ \hline Paid-In Capital in Excess of Par-Common & & 310,000 \\ \hline Total Paid-In Capital & & 715,000 \\ \hline Retained Earnings & & 155,000 \\ \hline Total Stockholders' Equity & $ & 870,000 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditor Jokes The Ultimate Collection Of Auditor Jokes

Authors: Chester Croker

1st Edition

1080090169, 978-1080090167

More Books

Students also viewed these Accounting questions