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-   -   How to fill out a stockholders equity on a comparative balance sheet? (https://www.askmehelpdesk.com/showthread.php?t=414066)

  • Nov 8, 2009, 07:10 PM
    ksl89
    How to fill out a stockholders equity on a comparative balance sheet?
    12/31/ 2008 2007
    Stockholders' equity
    8.5% preferred stock, $10 par value,
    10,000 shares authorized and issued b a
    Common stock, $2 par value,
    300,000 shares authorized,
    110,000 and 90,000 shares issued d c
    Paid-in capital in excess of par value f e
    Retained earnings h g
    Treasury stock, (4,500 and 3,100 shares at cost) j i
    Total stockholders' equity $1,411,750 $1,037,800


    The company reported net income of $75,000 for the calendar year 2007 and $125,000 for 2008.
    The firm's dividend policy is to pay out 10% of its profits each year in dividends. The date of
    payment is always April 1 of the following year. Treasury stock was acquired at a cost of $12
    per share in 2007. At December 31, 2008, the average cost of treasury stock was $13.50 per
    share. The common shares sold during 2005 were sold at $14 each.

    I have to fill in the letters... PLEASE HELP ME!! I'm so lost
  • Nov 9, 2009, 02:09 AM
    haider78605
    1 Attachment(s)
    It seems that some data of your question is missing or you have provided incompleete informatin, however I attach the answer based on the information provided by you.

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