The following are data for the Foin Corporation on December 31, 20xB (Click the

Question

The following are data for the Foin Corporation on December 31, 20xB (Click the icon to view the data.) Requirement Data Table 1. Prepare a detailed stockholders' equity section as it would appear in the balance sheet at December 31, 20X8 6% cumulative preferred stock, $40 par value, callable at S42. authorized Foin Corporation, Balance Sheet (Partial), Stockholders' Equity, December 31, 20x8 100,000 shares, issued and outstanding 100,000 shares Treasury stack, common (at cost) Additional paid-in capital, common stack Dividends payable Retained earnings Additional paid-in capital, preferred stock Common stock, $2.50 par value per share, authorized 1.8 million shares, 4,000,000 5,000,000 9,000,00o 200,000 ,250,000 issued 1.2 million shares of which 60,000 are held in the treasury Less: Print Done Total stockholders' equity

Explanation / Answer

**Dividend payable is a current liability

Stockholders Equity 6%cummulative preferred stock 40 par value callable at 42 ,Authorized 100000 shares Issued and outstanding 4,000,000 common stock $2.5 par value per share,Authorized1.8 million shares Issued 1.2 million shares 3,000,000 Additional paid in capital preferred stock 1,250,000 common stock 9,000,000 10,250,000 Retained earnings 15,000,000 less:Treasury stock -5,000,000 Stockholders equity 27,250,000

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