is information for the Stockholder Equity section of Alpha Balance · 8% Preferre

Question

is information for the Stockholder Equity section of Alpha Balance · 8% Preferred stock, $100 par value, 10,000 shares authorized, 5,000 shares issued and outstanding. .Common stock, no par, $2 stated value, 500,000 shares authorized, 204,000 shares issued and outstanding Additional paid-in capital: Preferred stock in excess of par value is $34,000 Common stock in excess of stated value is $437,000 o o Requirements: Prepare a Stockholders' section of Alpha classified balance sheet as of December 31, 2016

Explanation / Answer

STOCK HOLDERS EQUITY Paid in Capital 8% Preferred stock 1,000,000 Common stock 408000 Paid in capital in excess of par - PS 34000 Paid in capital in excess of par - CS 437000 Retained earnings    - Total stock holders equity 1,879,000

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