develop stockholders equity nash company has the following acco 245950

Develop Stockholders’ Equity Nash Company has the following accounts among the items on the balance sheet at January 1, 2010:

Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding

Preferred Stock, $100 par, 8%, cumulative, 1,000 shares authorized, issued, and outstanding Retained Earnings ……………………………….$100,000

Additional Paid-In Capital ………………………. 200,000

Treasury Stock, 1,000 shares, common stock …… 20,000

During 2010, the company issued 500 shares of common stock at $14 per share and reissued 400 shares of treasury stock at $20 per share. The company reported a net income of $60,000 for 2010.

Required

Develop the Statement of Stockholders’ Equity section for Nash Company at December 31, 2010.

Related Articles

armstrong helmet company 239138

Armstrong Helmet Company manufactures a unique model of bicycle helmet Question Case project Learning Objectives: Prepare practical applications of course concepts Develop analytical and critical thinking Develop decision-making capabilities Enhance professional...

read more
GET A FREE QUOTE





  
Open chat
Need help? We are Online 24/7
Hello 👋
Can we help you?