I am very confused on how to to start this question:
During FY15, the decreases in Class B, Class C, and Class E shares are because those shares were converted to Class A shares. Assume that the remaining increase in Class A share is due to new share issuances for cash. What journal entry would the Company have recorded for the issuance of those new shares?
BOOZ ALLEN HAMILTON HOLDING CORPORATION CONSOLIDATED BALANCE SHEETS March 31, March 31 015 014 (Arnounts in thousands, except share and per share data ASSETS Current assets 207,217 Cash and cash equivalents 259.994. Accounts receivable. net of allowance 857,310 916.737 Deferred income taxes 14,539 29,687 Prepaid expenses and other current a 84.142 49.559 Total current assets 1.163.208 1,255,977 Property and equipment, net of accumulated depreciation 111,367 129,427 Deferred income taxes 14.758 Intangible assets, net of accumulated amortization 219,382 220.887 Goodwill 1,304,231 1,273,789 Other long-term asset 64.547 60,738 Total assets 2.877.493 2,940.818 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt 57.063 73,688 Accounts payable and other accrued expenses 481.815 488.807 Accrued compensation and benefits 279,239 331,440 Other current liabilities 30.877 23,169 Total current liabilities 848,994 917.104 Long-term debt, net of current portion 1.569.272 1,585,231 Income tax reserve 58.444 57,406 Deferred income taxes 8,231 other long-term liabilities 214,285 201.210 Total liabilities 2.690.995 2,769,182 Commitments and contingencies Note 20) Stockholders' equity: Common stock, Class A $0.01 par value -authorized, 600,000,000 shares, issued, 150,237,675 shares at March 31, 2015 and 143,962,073 shares at March 31, 2014, outstanding, 147,238,282 shares at March 31 1.440 2015 and 143,352,448 shares at March 31, 2014 1,502 Non-voting common stock, Class B $0.01 par value authorized, 16,000,000 shares, issued and outstanding, 0 shares at March 31, 2015 and 582,080 shares at March 31, 2014 $0.01 par value Restricted common stock, Class C 5,000,000 shares, issued and outstanding. 0 shares at March 31, 2015 and 935,871 shares at March 31, 2014 Special voting common s Class E $0.003 par value authorize 25,000,000 shares; issued and outstanding, 1,851,589 shares at March 31, 2015 and 4,424,814 shares at March 31, 2014 13 Treasury stock, at cost 2,999,393 shares at March 31, 2015 and 609,625 shares at March 31, 2014 (10,153 Additional paid-in capital 174.985 144,269 Retained earnings 104.457 42.688 Accumulated other comprehensive loss 6,636) 186 499 11.650 Total stockholders' equity Total liabilities and stockholders' equity 2,877,493 2,940,818 The accompanying notes are an integral part of these Consolidated Financial Statements
