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Q3 Complete the statement of stockholders equity based on the following information. a. The company issued 5,000 shares its $1 par value common stock at
Q3 | Complete the statement of stockholders equity based on the following information. | ||||||
a. The company issued 5,000 shares its $1 par value common stock at $15 per share. | |||||||
b. The reported income for year 2012 is $14,800; total dividend declared is $4,800. | |||||||
c. The company repurchased 2,000 shares of outstanding common stocks at $12 per share. | |||||||
Common Stock | Paid-In Capital | Retained Earnings | Treasury stock | Total Equity | |||
Balance at 31. December 2011 | 100,000 | 130,000 | 30,000 | 0 | 260,000 | ||
issuance of common stock | |||||||
Income for the year | |||||||
Repurchase of stock | |||||||
Dividends | |||||||
Balance at 31. December 2012 | |||||||
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