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This period, the market price of a share of XYZ Corp's stock increased by $1. There are 1000 shares of stock outstanding. XYZ's balance sheet
This period, the market price of a share of XYZ Corp's stock increased by $1. There are 1000 shares of stock outstanding. XYZ's balance sheet at the beginning of this period is shown below. Change all the numbers (if any) on the balance sheet to show the effect of the increase in stock value on the balance sheet at the end of this period. Cash 100 Accounts Payable 25 Accounts Receivable 30 Other Current Liabilities 35 Inventory 40 Long-Term Debt 450 Equipment: Original Cost 1000 Paid-In Capital 50 Equipment: Depreciation 500 Retained Earnings 110
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