The following stockholders’ equity accounts arranged alphabetically are in the ledger of Desiree Corporation at December 31, 2012.Common Stock ($5 stated value)……………… $2,000,000Paid-in Capital from Treasury Stock………………. 10,000Paid-in Capital in Excess of Stated Value—Common Stock……. 1,600,000Paid-in Capital in Excess of Par—Preferred Stock…………. 679,000Preferred Stock (8%, $50 par, noncumulative)…………. 800,000Retained Earnings…………………… 1,748,000Treasury Stock (10,000 common shares)…………… 130,000InstructionsPrepare a stockholders’ equity section at December 31, 2012.View Solution:
The following stockholders equity accounts Desiree Corporation



Source link

Leave a Reply

Your email address will not be published.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