Use the Harelik Corporation data in E10-22A to prepare the stockholders’ equity section of the company’s balance sheet at December 31, 2015.In E10-22A, At December 31, 2014, Harelik Corporation reported the stockholders’ equity accounts shown here (with dollar amounts in millions, except per-share amounts). Common stock $1.50 par value per share,2,400 million shares issued……………. $ 3,600Paid-in capital in excess of par value….. 7,200Retained earnings……………………………. 1,490Treasury stock, at cost…………………….. (85)Total stockholders’ equity…………….. $12,205Harelik’s 2015 transactions includeda. Net income, $380 millionb. Issuance of 18 million shares of common stock for $12.00 per sharec. Purchase of 8 million shares of treasury stock for $120 milliond. Sold 5 million of the treasury shares purchased in part c for $80 millione. Declaration and payment of cash dividends of $24 millionView Solution:
Use the Harelik Corporation data in E10 22A to prepare the



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *