Foyle Corporation has issued 93,800 shares of $4 par value common stock. It was

Question

Foyle Corporation has issued 93,800 shares of $4 par value common stock. It was authorized 500,300 shares. The paid-in capital in excess of par value on the common stock is $271,800. The corporation has reacquired 7,300 shares at a cost of $47,440 and is currently holding those shares.

The corporation also has 1,900 shares issued and outstanding of 9%, $102 par value preferred stock. It authorized 10,200 shares. The paid-in capital in excess of par value on the preferred stock is $30,100. Retained earnings is $368,400.

Prepare the stockholders’ equity section of the balance sheet.

Please answer of the blank, and I already asked before, someone gave me wrong answer, so if you do not sure, dont do that! thank you.

FOYLE CORPORATION Balance Sheet (Partial) Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess o Paid-in Capital in Excess o Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings LessTreasury Stock Total Stockholders' Equity

Explanation / Answer

stockholders’ equity section of the balance sheet

Partial Balance Sheet:

Shareholders' Equity Paid in Capital Capital Stock Preferred Stock $193,800 Common Stock $375,200 Total Capital Stock $569,000 Additional Paid in Capital: paid in Capital in excess of par - Preferred Stock $30,100 Paid in Capital in excess of par - Common Stock $271,800 Total Additional Paid in Capital $301,900 Total Paid in Capital $870,900 Retained Earnings $368,400 Total Paid in Capital & Retained Earnings $1,239,300 Less: Treasury Stock $47,440 Total Stockholders' Equity $1,191,860

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.