Question
Statement of stockholders equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $180,000; Additional Paid-In Capital, $3,475,000; and Retained
Statement of stockholders equity
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $180,000; Additional Paid-In Capital, $3,475,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $18 per share. Noric reported the following results for the month ended October 31:
Net income | $2,300,000 |
Cash dividends declared | 490,000 |
Prepare a statement of stockholders equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.
Common Stock | Additional Paid-In Capital | Retained Earnings | Total | |
Balances, October 1Balances, October 31CashNet Income | $- Select - | $- Select - | $- Select - | - Select - |
Balances, October 1Balances, October 31CashIssued Common Stock | - Select - | - Select - | - Select - | - Select - |
Balances, October 1Balances, October 31CashNet Income | - Select - | - Select - | - Select - | - Select - |
Balances, October 1Balances, October 31CashDividends | - Select - | - Select - | - Select - | - Select - |
Balances, October 1Balances, October 31DividendsNet Income | $- Select - | - Select - | - Select - | - Select - |
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