Problem 12.5A (Static) Preparing a Statement of Stockholders' Equity (L012-4, L012-8) A summary of the transactions affecting the stockholders' equity of Riverton Corporation during the current year follows. $ Prior period adjustment (net of income tax benefit) Issuance of common stock: 10,000 shares of $10 par value Declaration and distribution of 5% stock dividend (11,580 shares, market price $40 per share) Purchased 1,000 shares of treasury stock at $70 Reissued 500 shares of treasury stock at a price of $72 per share Net income Cash dividends declared (160,000) 680,000 (460,000) (70,000) 36,000 1,690,000 (285,400) Note: Parentheses() indicate a reduction in stockholders' equity, Required: a. Prepare a statement of stockholders' equity for the year. Use these column headings and beginning balances. (Notice that all additional paild-in capital accounts are combined into a single column.) b-1. What was the overall effect on total stockholders' equity of the 5 percent stock dividend of 11,500 shares? b-2. What was the overall effect on total stockholders' equity of the cash dividends declared? b-3. Do these two events have the same impact on stockholders' equity? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Reg B3 Prepare a statement of stockholders' equity for the year. Use these column headings and beginning balances. (Notice that all additional pald-in capital accounts are combined into a single column.) (Amounts to be deducted from stockholders' equity should be indicated by a minus sign.) RIVERTON CORPORATION enholders' Eauit Lasn dividends declared 1285,406) Note: Parentheses () indicate a reduction in stockholders' equity. Required: a. Prepare a statement of stockholders' equity for the year. Use these column headings and beginning balances. (Notice that all additional paid-in capital accounts are combined into a single column.) b-1. What was the overall effect on total stockholders' equity of the 5 percent stock dividend of 11,500 shares? b-2. What was the overall effect on total stockholders' equity of the cash dividends declared? b-3. Do these two events have the same impact on stockholders' equity? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Reg B3 Prepare a statement of stockholders' equity for the year. Use these column Headings and beginning balances. (Notice that all additional paid-In capital accounts are combined into a single column.) (Amounts to be deducted from stockholders' equity should be indicated by a minus sign.) RIVERTON CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, Current Year Additional Capital Stock Retained Paid in Treasury ($10 par value) Capital Earnings Stock $ 2,200,000 $3,530,000 $ 1,900,000 $ Total Stock-holders Equity 0 $ 7.630,000 Balances, January 1, Current year Prior period adjustment Issuance of common stock Declaration and distribution of stock dividend Purchased treasury stock Sale of treasury stock Not incomo Cash dividends declared Balances, December 31, Current year Req81 > onces a. Prepare a statement of stockholders' equity for the year. Use these column headings and beginning balances. (Notice that al additional pald-in capital accounts are combined into a single column.) b-1. What was the overall effect on total stockholders' equity of the 5 percent stock dividend of 11,500 shares? b-2. What was the overall effect on total stockholders' equity of the cash dividends declared? b-3. Do these two events have the same impact on stockholders' equity? Complete this question by entering your answers in the tabs below. Req A Reg en Reg B2 Reg B3 What was the overall effect on total stockholders' equity of the 5 percent stock dividend of 11,500 shares? Overall effect on total stockholders' equity of the stock dividend Note: Parentheses () indicate a reduction in stockholders' equity. Required: a. Prepare a statement of stockholders' equity for the year. Use these column headings and begi additional paid-in capital accounts are combined into a single column.) b-1. What was the overall effect on total stockholders' equity of the 5 percent stock dividend of 1 b-2. What was the overall effect on total stockholders' equity of the cash dividends declared? b-3. Do these two events have the same impact on stockholders' equity? Complete this question by entering your answers in the tabs below. Req A Req B1 Reg 12 Req B3 What was the overall effect on total stockholders' equity of the cash dividends declared? Overall effect on total stockholders' equity of the cash dividend onces Required: a. Prepare a statement of stockholders' equity for the year. Use these column headings and beginning balances. (Notice that all additional paid in capital accounts are combined into a single column) b-1. What was the overall effect on total stockholders' equity of the 5 percent stock dividend of 11,500 shares? b-2. What was the overall effect on total stockholders' equity of the cash dividends declared? b-3. Do these two events have the same impact on stockholders' equity? Complete this question by entering your answers in the tabs below. ReqA Reg 1 Req B2 Req Do these two events have the same impact on stockholders' equity? These two evento tave the same impact on stockholders equity
