contestada

At December 31, Idaho Company had the following ending account balances:
Retained Earnings $250,000
Preferred Stock ($100 par, 7% cumulative, 10,000 authorized,
5,000 issued and outstanding) 500,000
Treasury Stock 40,000
Paid-In Capital in Excess of Par—Common Stock 625,000
Paid-In Capital in Excess of Par—Preferred Stock 50,000
Common Stock ($5 par value, 500,000 shares authorized,
105,000 issued) 525,000
Required:
Prepare the Stockholders' equity section of the balance sheet in good form with all of the required disclosures.

Respuesta :

Answer:

Balance of Stockholder's Equity at December 31 is $1,910,000.

Explanation:

This will appear as follows

Idaho Company

Details                                                                         $      

Stockholder's Equity:

Common Stock                                                       525,000

Preferred Stock                                                      500,000

Additional Paid-In Cap. - Common Stock             625,000

Additional Paid-In Cap. - Preferred Stock              50,000

Treasury Stock                                                        (40,000 )

Retained Earnings                                                  250,000  

Balance at December 31                                       1,910,000  

The stockholders' equity or the share capital of the company is the amount of capital that is the ownership of investors of shareholders of the company over the assets and debts of the company.

The equity shareholder's are the true owners of the company as they are legible for decision making and voting's.

The stockholders' equity section of the balance sheet includes: common shares, preferred shares, retained earnings, and treasury stock.

The stockholders' equity section of the balance sheet is prepared in the image attached below.

To know more about stockholders' equity, refer to the link:

https://brainly.com/question/13278063

Ver imagen sohail09753

Otras preguntas