{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T10:06:46-04:00", "answer_date": "2024-05-26 10:06:46", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1733694", "url": "\/study-help\/questions\/the-following-account-balances-relate-to-the-stockholders-equity-accounts-1733694", "question_creation_date_js": "2024-05-26T10:06:46-04:00", "question_creation_date": "May 26, 2024 10:06 AM", "meta_title": "[Solved] The following account balances relate to | SolutionInn", "meta_description": "Answer of - The following account balances relate to the stockholders' equity accounts of Molder Corp. at year-end. 2022 2021 Comm | SolutionInn", "meta_keywords": "account,balances,relate,stockholders,equity,accounts,molder,corp,year-end,2022,2021,common", "question_title_h1": " The following account balances relate to the stockholders' equity accounts of Molder Corp. at year-end. 2022 2021 Common stock, 10,500 and 10,000 shares, issued", "question_title": " The following account balances relate to the stockholders' equity accounts of", "question_title_for_js_snippet": "The following account balances relate to the stockholders' equity accounts of Molder Corp at year end 2022 2021 Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 $160,800 $140,000 Preferred stock, 5,000 shares, issued and outstanding 125,000 125,000 Retained earnings 300,000 270,000 A small stock dividend was declared and issued in 2022 The market price of the shares issued was $8,800 Cash dividends of $20,000 were declared and paid in both 2022 and 2021 The common stock and preferred stock have no par or stated value (a) Your answer is correct What was the amount of net income reported by Molder Corp in 2022 Net income $ 58,800", "question_description": "\"image\"image", "transcribed_text": "The following account balances relate to the stockholders' equity accounts of Molder Corp. at year-end. 2022 2021 Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 $160,800 $140,000 Preferred stock, 5,000 shares, issued and outstanding 125,000 125,000 Retained earnings 300,000 270,000 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $8,800. Cash dividends of $20,000 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. (a) Your answer is correct. What was the amount of net income reported by Molder Corp. in 2022? Net income $ 58,800", "related_book": { "title": "Intermediate Accounting", "isbn": "032459237X, 978-0324592375", "edition": "17th Edition", "authors": "James D. Stice, Earl K. Stice, Fred Skousen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/92.jpg", "uri": "\/textbooks\/intermediate-accounting-17th-edition-92", "see_more_uri": "" }, "free_related_book": { "isbn": "B0B2TW6B2G", "uri": "\/textbooks\/python-3-programming-for-beginners-the-beginners-guide-for-learning-how-to-code-in-python-from-scratch-in-under-7-days-1st-edition-979-8834526513-105726", "name": "Python 3 Programming For Beginners The Beginners Guide For Learning How To Code In Python From Scratch In Under 7 Days", "edition": "1st Edition" }, "question_posted": "2024-05-26 10:06:46", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/international-accounting-\/what-future-directions-may-be-interesting-for-comparative-studies-in-1281523", "description": "What future directions may be interesting for comparative studies in corporate governance?", "stars": 3 }, { "url": "\/for-each-of-the-following-indicate-whether-the-employee-has", "description": "For each of the following, indicate whether the employee has line or staff responsibility. 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