File Edit Insert Table Format Arrange View Share Window Help LO5-Part C v 125% w

Question

File Edit Insert Table Format Arrange View Share Window Help LO5-Part C v 125% w Zoom Insert Table Chart Text Shape Media Comme Sheet LEARNING OUTCOME # 5-Part C From the information below, construct the Statement of Stockholders' Equity for Amos Corporation as of December 31, 2017 During 2017 Amos Corp. experienced the following: a. Earned revenues of $250,000. b. Incurred expenses of $195,000. c. Issued 1,000 shares of $1.00 par value common stock for $15 per share. d. Paid dividends of $25,000 STOCKHOLDERS EQUITY Common stock Paid-in-capital in excess of par value common Retained Earnings Total Stockholders' Equity

Explanation / Answer

note:

retained earnings = revenues - expenses- dividends

=>250,000 - 195,000 - 25,000

=>$30,000.

stockholder's equity $ Common stock (1,000 shares * $1 .00 par value) $1,000 Paid in capital in excess of par value - common stock (1,000 shares *($15-$1)) $14,000 Retained earnings (see note) $30,000 Total stockholder's equity $45,000

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