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Yes, that is correct.

Hope you have it this time

Assets - Liabilities = Stockholders Equity

Stockholders Equity = Common Stock + Retained Earnings + APIC (Additional Paid in Capital)

Capital Stock= Common Stock + APIC + preferred Stock
...

For 2005:
Assets - Liabilities = Stockholders equity
350,000 - 80000 $270,000
Stockholders equity = $270,000
Less: Capital Stock - $210,000
Retained Earnings - $60,000 - 2005

For 2006
Net...

The answer you have from aahuja1 is correct.

Retained Earnings is affected by the following transactions:

Retained Earnings Beginning of the Period
Less (Plus) previous period accounting...

When a company distibutes stock dividends, you need to have into account the % of dividends that is going to issue. If the stock dividends is 20-25% then you need to use the Fair Value of the stock....

Previous years Accounting errors are reported in Retained Earnings. They are reported as adjustement to the beginning balance of retained earnings. Accouting errors are not part of Income from...

Using the Book Value Method:

Dr: Bonds Payable $6,000,000
DR: Discount $525,000
Cr: Common Stock $4,800,000
...