Question
this picture represents format needed . this table is the information needed. The shareholders equity portion of the balance sheet of Sessels Department Stores, Inc.,
this picture represents format needed .
this table is the information needed.
The shareholders equity portion of the balance sheet of Sessels Department Stores, Inc., a large regional specialty retailer, is as follows: Disclosures in Sessels annual report revealed the following changes in shareholders equity accounts for 2019 and 2018: 2019: The only changes in retained earnings during 2019 were net income and preferred dividends of $3,388,000 on preferred stock. The Series B preferred stock is convertible. During 2019, shares of Series B preferred stock were issued for $6,592,000, and all shares were converted into 320,000 shares of common stock. No gain or loss was recorded on the conversion. Common shares were issued in 2019, in a public offering and upon the exercise of stock options. On the statement of shareholders equity, Sessels reports these two items on a single line entitled Issuance of shares. 2018: Net income: $12,126,000 Issuance of common stock: 5,580,000 shares at $112,706,000 Using the information given, prepare comparative statements of shareholders equity for 2019 and 2018, omitting the column for number of shares outstanding. Discuss how a current shareholder might react to the 2019 increases in shareholders equity.
APPLE INC Consolidated Statements of Shareholders' Equity (partial)* (in millions, except number of shares, which are reflected in thousands) Common Stock and Additional Paid-In Capital Shares Amount Total Equity 39,510 Shareholders Retained Earnings Balances as of September 28, 2013 Net income Other comprehensive income/(loss) Dividends and dividend equivalents declared Stock issued Stock repurchased Balances as of September 27,2014 6,294,494 $19,293 $104,256 %123,549 39,510 (11,215) 1215) (45,399) (45,399) 60,344 (488,677) 5,866,161 24,395 5,102 5,102 87,152$111,547 *Apple's statements have been simplified for purposes of our discussionStep by Step Solution
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