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Saved Help Part 1 of 2 Required information Problem 1 0 - 5 B ( Static ) Understand stockholders' equity and the statement of stockholders'
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Problem B Static Understand stockholders' equity and the statement of stockholders' equity LO
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Nautical has two classes of stock authorized: $ par preferred, and $ par value common. As of the beginning of shares of preferred stock and shares of common stock have been issued. The following transactions affect stockholders' equity during :
March Issue additional shares of common stock for $ per share.
April Issue additional shres of preferred stock for $ per share.
June Declare a cash dividend on both common and preferred stock of $ per share to all stockholders
June Pay the cash dividends declared on June
August Purchase shares of common treasury stock for $ per share.
October Resell shares of treasury stock purchased on August for $ per share.
Nautical has the following beginning balances in its stockholders' equity accounts on January : Preferred Stock, $; Common Stock, $; Additional Paidin Capital, $; and Retained Earnings, $ Net income for the year ended December is $
Taking into consideration the beginning balances on January and all the transactions during respond to the following for Nautical:
Problem B Static Part
Required:
Prepare the stockholders' equity section of the balance sheet as of December Amounts to be deducted should be indicated by a minus sign.
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