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Posted by on Thursday, April 15, 2010 at 10:24am.

I just have a small question about how to calculate the shares of common stocks, no par having the information below, thanks.

The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010.

Common Stock ($5 stated value) $2,048,500
Paid-in Capital from Treasury Stock 13,310
Paid-in Capital in Excess of Stated Value-Common Stock 1,612,600
Paid-in Capital in Excess of Par Value-Preferred Stock 693,000
Preferred Stock (8%, $52 par, noncumulative) 837,720
Retained Earnings 1,752,400
Treasury Stock-Common (11,100 shares) 144,300

Instructions

Prepare a stockholders' equity section at December 31, 2010

  • accounting - , Thursday, April 15, 2010 at 5:08pm

    I already figured it out

  • accounting - , Monday, June 11, 2012 at 3:53pm

    The following stockholders’ equity accounts arranged alphabetically are in the ledger
    of McGrath Corporation at December 31, 2011.
    Common Stock ($10 stated value) $1,500,000
    Paid-in Capital from Treasury Stock 6,000
    Paid-in Capital in Excess of Stated Value—Common Stock 690,000
    Paid-in Capital in Excess of Par Value—Preferred Stock 288,400
    Preferred Stock (8%, $100 par, noncumulative) 400,000
    Retained Earnings 776,000
    Treasury Stock—Common (8,000 shares) 88,000
    Instructions
    (a) Prepare a stockholders’ equity section at December 31, 2011.
    (b) Compute the book value per share of the common stock, assuming the preferred stock has a
    call price of $110 per share.

    this is like an example whats going to be on test but i cant figure it out

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