Question
Total stockholders' equity12/31/141,288,000Common stock PV $2, authorized 400,000; issued 180,000 at an average issue price of 4.75Balance is retained earnings.During 2015Company issued 5,000 shares for
Total stockholders' equity12/31/141,288,000Common stock PV $2, authorized 400,000; issued 180,000 at an average issue price of 4.75Balance is retained earnings.During 2015Company issued 5,000 shares for 40,000Company has net income of 77.000 and declared dividends of 40,000Prepare the stockholders' equity section of the balance sheet as it would be presented in a classified balance sheet.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
