The foolowing ration apples so the questions asplayed below Donne bansections af

Question

The foolowing ration apples so the questions asplayed below Donne bansections affect stockholders equity during 2018 Hilliges has two desses of stock autheriged St par preferred and $o 01 por value common As of the beginning of 2098. 100 shares of predore stock and 3000 shares of common stock hatve been sued The foowing March 1 Issue 1200 shares of common stock for $34 er shere Auly 10 Ressue 300 shares of tresry slock puthased on May 15 for $32 rsh October 15 ssue 300 shares of prefesocko $37 se December 1 Declare a cah dvidend os oon common and preferred stock of December 31 Pay the cmh dvidends ced on December So 8S per she to all stockholders of ecord on December 15(H ds arne not psid on treasury stock Donnie Hiiger has the folo ncome fo the yeer ended December 31. 2018, is $10000 wing begieeing balances n ts stocoler squity acourts on Janaary 1 20 Perred Sock $100 Coo Stock 532 Aaisiones Pais in Captal, 568000, and Retained Eanings. 526,500 Not aking nto corsuderation the begirning balances on Janusry 1 2018 and al The pansections during 2018, respond to the following for Donnie Hi

Explanation / Answer

Solution 1:

Solution 2:

Donnie Hilfiger Balance Sheet - Stockholder's Equity Section 31-Dec-18 Particulars Amount Stockholders Equity: Common stock $44.00 Preferred Stock $400.00 Additional paid in capital $121,088.00 Total Paid in capital $121,532.00 Retained Earnings $32,590.00 Treasury Stock -$5,400.00 Total Stockholder's Equity $148,722.00

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