https//edugen.wileyplus.com/edugenViti/main.uni Kimmel, Accounting, 6e CALCRATOR

Question

https//edugen.wileyplus.com/edugenViti/main.uni Kimmel, Accounting, 6e CALCRATOR PRINTER VIRSION BACK Do It! Review 11-4a Swifty Corporation has issued 109,000 shares of $4 par value common stock. It was authorized 494,000 shares. The paid-in captal in excess of par value on the common stock is $257,000. The corporation has reacquired 6,500 shares at a cost of $53,500 and is currently holding those shares. It also had accumulated other comprehensive income of $69,000. The c rpo ation also has 1,300 shares ssued and outstanding of 10% $104 par value preferred sto k It authorized 10,200 shares. The paid r capital the preferred stock is $27,600. Retained earnings is $386,000. e cess of par value on Prepare the stockholders' equity section of the balance sheet. (Enter account nome only and do not provide descriptive information) SWIFTY CORPORATION Balance Sheet (Partial) s Equity Paid-in Capital Capital Stock ped-in Copital in Eccess of per volu+ Comme Stock Total Paid-in otal Asset

Explanation / Answer

Swifty Corporation Balance Sheet(Partial) Stockholders' Equity Paid-in capital Capital stock : Common stock (109000*4) 436000 Preferred stock 107600 543600 Paid-in Capital in Excess of Par Value: Common Stock 257000 Preferred stock 27600 284600 Total Paid-in capital 828200 Retained Earnings 386000 Less: Treasury stock -53500 AOCI 69000 Total Stockholders' Equity 1229700

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