Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows Common stock (55 par 500,000 shares authortzed, 275,000 Issued and outstanding) $1,375,000 Pald in capital in excess of par 550,000 Total pald in capital $1 925,000 Unappropriated retained earings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings 1,835,000 Total stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan 15 Completed the bulding renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized Mar 3 issued 100 000 additional shares of the common stock for $8 per share May 18 Declared a dividend of $1 50 per Share to be paid on July 31, 2013, to stockholders of record on June 30, 2013 June 19 A pproved additional building renovation to be funded interary The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount July 31 Paid the dividend Nov 12 Declared a property dividend to be paid on December 31, 2013 to stockholders of record on November 30, 2013 The dividend is to cons st of 35 000 shares of Hampton Ine stock that are currently recorded in Nisson's books at 59 per share The fair market value of the stock on November 12 is $13 per share 31 Reported 5885,000 of ret income on the December 31, 2013 Income statement Assume that revenues and expenses were closed to a temporary account, income Summary Use this account to complete the closing process in addition, the stock was distributed in satisfaction of the property dividerd The Hampton stock closed at $14 per share at the end of the day's trading Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows Common stock (55 par 500,000 shares authortzed, 275,000 Issued and outstanding) $1,375,000 Pald in capital in excess of par 550 000 Total paid in capital $1 925,000 Unappropriated retained earnings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings 1,835,000 Total stockholders' equity $3 760,000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan 15 Completed the building renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized Mar Issued 100 000 additional shares of the common stock for $8 per shore Declared a dividend of $1 50 per Share to be paid on July 31, 2013 to stockholders of record on June 30, 2013 June 19 Approved additional building renovation to be funded internally The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount 31 Paid the dividend Nov 12 ed a property dividend to be paid on December 31, 2013, to stockholders of record on November 30, 2013 The dividend is to consist of 35,000 shares of Hampton Inc stock that are currently recorded in Nisson's books at $9 per share The far market value of the stock on November 12 is 5 3 per share Dec 31 Reported $885,000 of net income on the December 31, 2013 ncome statement (Assume that revenues and expenses were closed to a temporary account income Summary Use this account to complete the closing processa tion est as aistributed in satisfaction of the property dividend The Hampton Stocked at 4 per share at the end of the day's trading MOY 18 Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows Common stock ($5 par, 500,000 shares authortzed, 275,000 issued and outstanding) 4 $1,375,000 Pald in capital in excess of par 550,000 Tocal pald in capical $1,925,000 Unappropriated recained eamings $1,335,000 Appropriated retained earnings 500,000 Total retained earnings 1,835 000 Toul stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan 15 Completed the building renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized, Mar 3 issued 100,000 additional shares of the common stock for $8 per shore May Declared a dividend of $1,50 per Share to be paid on July 31 2013, to stockholders of record on June 30, 2013 Approved additional building renovation to be funded intemally The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount Paid the dividend Nov 12 Declared a property dividend to be paid on December 31, 2013 to stockholders of record on November 30, 2013 The dividend is to consist of 35,000 shares of Hampton Inc stock that are currently recorded in Nilsson's books at 59 per share The fair market value of the stock on November 12 is $13 per share Reported $885 000 of net income on the December 31, 2013 income statement (Assume that revenues and expenses were closed to a temporary account Income Summary Use this account to complete the closing process In addition, the stock was distributed in satisfaction of the property dividend The Hampton stock closed at $14 per share at the end of the day's trading 18 June Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows Common stock (55 par 500,000 shares authortzed, 275,000 Issued and outstanding) $1,375,000 Pald in capital in excess of par 550,000 Total pald in capital $1 925,000 Unappropriated retained earings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings 1,835,000 Total stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan 15 Completed the bulding renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized Mar 3 issued 100 000 additional shares of the common stock for $8 per share May 18 Declared a dividend of $1 50 per Share to be paid on July 31, 2013, to stockholders of record on June 30, 2013 June 19 A pproved additional building renovation to be funded interary The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount July 31 Paid the dividend Nov 12 Declared a property dividend to be paid on December 31, 2013 to stockholders of record on November 30, 2013 The dividend is to cons st of 35 000 shares of Hampton Ine stock that are currently recorded in Nisson's books at 59 per share The fair market value of the stock on November 12 is $13 per share 31 Reported 5885,000 of ret income on the December 31, 2013 Income statement Assume that revenues and expenses were closed to a temporary account, income Summary Use this account to complete the closing process in addition, the stock was distributed in satisfaction of the property dividerd The Hampton stock closed at $14 per share at the end of the day's trading Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows Common stock (55 par 500,000 shares authortzed, 275,000 Issued and outstanding) $1,375,000 Pald in capital in excess of par 550 000 Total paid in capital $1 925,000 Unappropriated retained earnings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings 1,835,000 Total stockholders' equity $3 760,000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan 15 Completed the building renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized Mar Issued 100 000 additional shares of the common stock for $8 per shore Declared a dividend of $1 50 per Share to be paid on July 31, 2013 to stockholders of record on June 30, 2013 June 19 Approved additional building renovation to be funded internally The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount 31 Paid the dividend Nov 12 ed a property dividend to be paid on December 31, 2013, to stockholders of record on November 30, 2013 The dividend is to consist of 35,000 shares of Hampton Inc stock that are currently recorded in Nisson's books at $9 per share The far market value of the stock on November 12 is 5 3 per share Dec 31 Reported $885,000 of net income on the December 31, 2013 ncome statement (Assume that revenues and expenses were closed to a temporary account income Summary Use this account to complete the closing processa tion est as aistributed in satisfaction of the property dividend The Hampton Stocked at 4 per share at the end of the day's trading MOY 18 Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows Common stock ($5 par, 500,000 shares authortzed, 275,000 issued and outstanding) 4 $1,375,000 Pald in capital in excess of par 550,000 Tocal pald in capical $1,925,000 Unappropriated recained eamings $1,335,000 Appropriated retained earnings 500,000 Total retained earnings 1,835 000 Toul stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan 15 Completed the building renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized, Mar 3 issued 100,000 additional shares of the common stock for $8 per shore May Declared a dividend of $1,50 per Share to be paid on July 31 2013, to stockholders of record on June 30, 2013 Approved additional building renovation to be funded intemally The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount Paid the dividend Nov 12 Declared a property dividend to be paid on December 31, 2013 to stockholders of record on November 30, 2013 The dividend is to consist of 35,000 shares of Hampton Inc stock that are currently recorded in Nilsson's books at 59 per share The fair market value of the stock on November 12 is $13 per share Reported $885 000 of net income on the December 31, 2013 income statement (Assume that revenues and expenses were closed to a temporary account Income Summary Use this account to complete the closing process In addition, the stock was distributed in satisfaction of the property dividend The Hampton stock closed at $14 per share at the end of the day's trading 18 June

Question

Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows  Common stock (55 par  500,000 shares authortzed, 275,000 Issued and outstanding)    $1,375,000 Pald in capital in excess of par   550,000 Total pald in capital   $1 925,000 Unappropriated retained earings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings   1,835,000 Total stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013  Jan  15 Completed the bulding renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized  Mar  3 issued 100 000 additional shares of the common stock for $8 per share  May 18 Declared a dividend of $1 50 per Share to be paid on July 31, 2013, to stockholders of record on June 30, 2013 June 19 A pproved additional building renovation to be funded interary The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount July 31 Paid the dividend  Nov  12 Declared a property dividend to be paid on December 31, 2013  to stockholders of record on November 30, 2013  The dividend is to cons st of 35 000 shares of Hampton Ine stock that are currently recorded in Nisson's books at 59 per share  The fair market value of the stock on November 12 is $13 per share 31 Reported 5885,000 of ret income on the December 31, 2013  Income statement  Assume that revenues and expenses were closed to a temporary account, income Summary  Use this account to complete the closing process in addition, the stock was distributed in satisfaction of the property dividerd  The Hampton stock closed at $14 per share at the end of the day's trading Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows  Common stock (55 par  500,000 shares authortzed, 275,000 Issued and outstanding) $1,375,000 Pald in capital in excess of par 550 000 Total paid in capital      $1 925,000 Unappropriated retained earnings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings    1,835,000 Total stockholders' equity $3 760,000 Nilsson Corporation had the following stockholders' equity transactions during 2,013  Jan 15 Completed the building renovation, for which $500,000 of retained eamings had been restricted  Paid the contractor $485,000, all of which is capitalized  Mar Issued 100 000 additional shares of the common stock for $8 per shore Declared a dividend of $1 50 per Share to be paid on July 31, 2013  to stockholders of record on June 30, 2013 June 19 Approved additional building renovation to be funded internally  The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount 31 Paid the dividend  Nov  12 ed a property dividend to be paid on December 31, 2013, to stockholders of record on November 30, 2013  The dividend is to consist of 35,000 shares of Hampton Inc  stock that are currently recorded in Nisson's books at $9 per share  The far market value of the stock on November 12 is 5 3 per share Dec  31 Reported $885,000 of net income on the December 31, 2013  ncome statement  (Assume that revenues and expenses were closed to a temporary account income Summary  Use this account to complete the closing processa tion est as aistributed in satisfaction of the property dividend  The Hampton Stocked at 4 per share at the end of the day's trading MOY 18 Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows  Common stock ($5 par, 500,000 shares authortzed, 275,000 issued and outstanding)          4 $1,375,000 Pald in capital in excess of par   550,000 Tocal pald in capical       $1,925,000 Unappropriated recained eamings $1,335,000 Appropriated retained earnings 500,000 Total retained earnings 1,835 000 Toul stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan  15 Completed the building renovation, for which $500,000 of retained eamings had been restricted  Paid the contractor $485,000, all of which is capitalized, Mar  3 issued 100,000 additional shares of the common stock for $8 per shore  May Declared a dividend of $1,50 per Share to be paid on July 31  2013, to stockholders of record on June 30, 2013 Approved additional building renovation to be funded intemally  The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount Paid the dividend  Nov 12 Declared a property dividend to be paid on December 31, 2013  to stockholders of record on November 30, 2013  The dividend is to consist of 35,000 shares of Hampton Inc  stock that are currently recorded in Nilsson's books at 59 per share  The fair market value of the stock on November 12 is $13 per share  Reported $885 000 of net income on the December 31, 2013 income statement  (Assume that revenues and expenses were closed to a temporary account Income Summary  Use this account to complete the closing process  In addition, the stock was distributed in satisfaction of the property dividend The Hampton stock closed at $14 per share at the end of the day's trading 18 June Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows  Common stock (55 par  500,000 shares authortzed, 275,000 Issued and outstanding)    $1,375,000 Pald in capital in excess of par   550,000 Total pald in capital   $1 925,000 Unappropriated retained earings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings   1,835,000 Total stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013  Jan  15 Completed the bulding renovation, for which $500,000 of retained eamings had been restricted Paid the contractor $485,000, all of which is capitalized  Mar  3 issued 100 000 additional shares of the common stock for $8 per share  May 18 Declared a dividend of $1 50 per Share to be paid on July 31, 2013, to stockholders of record on June 30, 2013 June 19 A pproved additional building renovation to be funded interary The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount July 31 Paid the dividend  Nov  12 Declared a property dividend to be paid on December 31, 2013  to stockholders of record on November 30, 2013  The dividend is to cons st of 35 000 shares of Hampton Ine stock that are currently recorded in Nisson's books at 59 per share  The fair market value of the stock on November 12 is $13 per share 31 Reported 5885,000 of ret income on the December 31, 2013  Income statement  Assume that revenues and expenses were closed to a temporary account, income Summary  Use this account to complete the closing process in addition, the stock was distributed in satisfaction of the property dividerd  The Hampton stock closed at $14 per share at the end of the day's trading Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows  Common stock (55 par  500,000 shares authortzed, 275,000 Issued and outstanding) $1,375,000 Pald in capital in excess of par 550 000 Total paid in capital      $1 925,000 Unappropriated retained earnings $1,335,000 Appropriated retained earnings 500 000 Total retained earnings    1,835,000 Total stockholders' equity $3 760,000 Nilsson Corporation had the following stockholders' equity transactions during 2,013  Jan 15 Completed the building renovation, for which $500,000 of retained eamings had been restricted  Paid the contractor $485,000, all of which is capitalized  Mar Issued 100 000 additional shares of the common stock for $8 per shore Declared a dividend of $1 50 per Share to be paid on July 31, 2013  to stockholders of record on June 30, 2013 June 19 Approved additional building renovation to be funded internally  The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount 31 Paid the dividend  Nov  12 ed a property dividend to be paid on December 31, 2013, to stockholders of record on November 30, 2013  The dividend is to consist of 35,000 shares of Hampton Inc  stock that are currently recorded in Nisson's books at $9 per share  The far market value of the stock on November 12 is 5 3 per share Dec  31 Reported $885,000 of net income on the December 31, 2013  ncome statement  (Assume that revenues and expenses were closed to a temporary account income Summary  Use this account to complete the closing processa tion est as aistributed in satisfaction of the property dividend  The Hampton Stocked at 4 per share at the end of the day's trading MOY 18 Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows  Common stock ($5 par, 500,000 shares authortzed, 275,000 issued and outstanding)          4 $1,375,000 Pald in capital in excess of par   550,000 Tocal pald in capical       $1,925,000 Unappropriated recained eamings $1,335,000 Appropriated retained earnings 500,000 Total retained earnings 1,835 000 Toul stockholders' equity $3 760 000 Nilsson Corporation had the following stockholders' equity transactions during 2,013 Jan  15 Completed the building renovation, for which $500,000 of retained eamings had been restricted  Paid the contractor $485,000, all of which is capitalized, Mar  3 issued 100,000 additional shares of the common stock for $8 per shore  May Declared a dividend of $1,50 per Share to be paid on July 31  2013, to stockholders of record on June 30, 2013 Approved additional building renovation to be funded intemally  The estimated cost of the project is $400,000, and retained eamings are to be restricted for that amount Paid the dividend  Nov 12 Declared a property dividend to be paid on December 31, 2013  to stockholders of record on November 30, 2013  The dividend is to consist of 35,000 shares of Hampton Inc  stock that are currently recorded in Nilsson's books at 59 per share  The fair market value of the stock on November 12 is $13 per share  Reported $885 000 of net income on the December 31, 2013 income statement  (Assume that revenues and expenses were closed to a temporary account Income Summary  Use this account to complete the closing process  In addition, the stock was distributed in satisfaction of the property dividend The Hampton stock closed at $14 per share at the end of the day's trading 18 June

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Reporting Stockholders' Equity The Stockholders' Equity section of Nilsson Corporation's balance sheet as of December 31, 2,012, is as follows: Common stock (55 par. 500,000

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