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On December 31, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares authorized $48,000 Cr. Paid-in capital in excess of parPreferred
On December 31, Nakoma Inc. had the following account balances.
Preferred stock, $100 par, 5,000 shares authorized | $48,000 Cr. |
Paid-in capital in excess of parPreferred stock | 192,000 Cr. |
Common stock, $1 par, 250,000 shares authorized | 84,000 Cr. |
Paid-in capital in excess of parCommon stock | 1,152,000 Cr. |
Retained earnings | 864,000 Cr. |
Accumulated other comprehensive income | 115,200 Cr. |
Treasury stock, 2,880 shares | 132,000 Dr. |
Noncontrolling interests | 12,000 Cr. |
Prepare the stockholders equity section of the balance sheet for Nakoma Inc. on December 31. State the par value per share, and the number of shares authorized, issued, and outstanding for common stock and preferred stock on the face of the statement.
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