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please explain every concept detailly Information For the year ended 12/31/2019, calculate the numbers that would be reported to us in the equity section given
please explain every concept detailly
Information For the year ended 12/31/2019, calculate the numbers that would be reported to us in the equity section given the following information: Preferred Stock Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock AOCI Noncontrolling Interest Total Equity 12/31/18 $80,000 115,000 370,000 950,000 (210,000) 40,000 20,000 $1,365,000 1. During the year 2019, the company issued the following preferred stock at par: Par Value $6.00 New shares issued 1,200 2. During the year 2019, the company had the following common stock transactions: Par Value per share $2.00 # of new shares issued 5,000 Issue Price of new shares $26.00 Dividends paid this year $70,000 Stock repurchased $30,000 3. During the year 2019, the company had net income available to common shareholders (i.e. net of preferred dividends) for the year of: $425,000 4. At the beginning of the year 2019, the company owned "available for sale" securities worth $150,000. At the end of the year, the securities were worth: $180,000. 5. During the year 2019, the company purchased 70% of another company with assets of $800,000 and liabilities of $250,000. Consider only the impact of noncontrolling interest and ignore the impact on other accountsStep by Step Solution
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