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so, I did some part and sent the part which Im stuck over. thank you Exercise 14-11 The following accounts appear in the ledger of
so, I did some part and sent the part which Im stuck over. thank you
Exercise 14-11 The following accounts appear in the ledger of Horner Inc. after the books are dosed at December 31. Common Stock, no par, $1 stated value, 376,000 shares authorized; 284,000 shares issued $ 284,000 Common Stock Dividends Distributable 25,500 Paid-in Capital in excess of Stated Value-Common Stock 130,000 Preferred Stock, $5 par value, 8%, 38,500 shares authorized; 29,500 shares issued 147,500 Retained Earnings 750,000 Treasury Stock (11,000 common shares) 82,500 Paid-in Capital in Excess of Par-Preferred Stock 350,000 Prepare the stockholders' equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount not provide descriptive information.) HORNER INC. Balance Sheet (Partial). Total Additional Paid-in Capital V Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work Your answer is correct. Show the allocation of dividends to each dass of stock, assuming the preferred stock dividend is 7% and noncumulative. 2017 2018 Allocation to preferred stock 7,175 7,175 2016 5,675 Allocation to common stock 6,325 20,825 Click if you would like to show Work for this question: Open Show Work cuve. 2016 2017 2018 Allocation to preferred stock $ Allocation to common stock Step by Step Solution
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