Question
In: Accounting
What are the 4 categories in the Statement of Stockholders' Equity, besides Beginning and ending balance.
What are the 4 categories in the Statement of Stockholders' Equity, besides Beginning and ending balance.
Solutions
Expert Solution
Here is an example of a Statement of Stockholders' Equity
| ABC Corporation | |||||
| Statement of Stockholders' Equity | |||||
| For the Year Ending December 31, 2019 | |||||
| Common Stock | Paid in Capital in excess of Par | Retained Earnings | Treasury Stock | Total Stockholders' Equity | |
| Opening Balance | $ 100,000 | $ 150,000 | $ 110,000 | $ (50,000) | $ 310,000 |
| Issued Shares | $ 50,000 | $ 75,000 | $ 125,000 | ||
| Purchase of treasury stock | $ (20,000) | $ (20,000) | |||
| Net Income | $ 40,000 | $ 40,000 | |||
| Dividend | $ (35,000) | $ (35,000) | |||
| Closing Balance | $ 150,000 | $ 225,000 | $ 115,000 | $ (70,000) | $ 420,000 |
ekkarill92 answered 1 year agoRelated Solutions
What is a statement of stockholders' equity?
What is a statement of stockholders' equity?It is a statement that reconciles only the treasury stock
account.It is a statement reconciling the difference between stock
issued at par value and stock issued at market value.It is a statement that summarizes changes in the entire
stockholders' equity section of the balance sheet.It is the same as a retained earnings statement
There are 4 Basic Financial Statements: Income Statement, Balance Sheet, Statement of Changes in Stockholders/Owner’s Equity,...
There are 4 Basic Financial Statements: Income Statement,
Balance Sheet, Statement of Changes in Stockholders/Owner’s Equity,
and Statement of Cash Flows. The Statement of Cash Flows typically
receives the least amount of attention in Accounting textbooks.
Further, the news typically focuses on ‘Net Income’ and ‘Quarterly
Earnings.’ Also, reference is also made to items on the Balance
Sheet. For example, technology companies can be a risky investment
because despite their high earnings, there may be very little in
the way...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January...
Stockholders' Equity: Transactions and
Statement
The stockholders' equity section of Night Corporation's balance
sheet at January 1 follows:
Common stock, $10 par value, 300,000 shares authorized, 60,000
shares
600,000
issued, 6,000 shares in treasury
Additional paid-in capital
In excess of par value
960,000
From treasury stock
60,000
1,020,000
Retained earnings
696,000
2,316,000
Less: Treasury stock (6,000 shares) at cost
276,000
Total Stockholders’ Equity
2,040,000
The following transactions affecting stockholders’ equity
occurred during the year:
Jan.
8
Issued 15,000 shares of...
Stockholders’ Equity: Transactions and Statement The stockholders’ equity section of Night Corporation’s balance sheet at January...
Stockholders’ Equity: Transactions and
Statement
The stockholders’ equity section of Night Corporation’s balance
sheet at January 1 follows:
Common stock, $5 par value, 300,000 shares authorized, 60,000
shares
$300,000
issued, 6,000 shares in treasury
Additional paid-in capital
In excess of par value
$480,000
From treasury stock
30,000
510,000
Retained earnings
348,000
1,158,000
Less: Treasury stock (6,000 shares) at cost
138,000
Total Stockholders’ Equity
$1,020,000
The following transactions affecting stockholders’ equity
occurred during the year:
Jan.
8
Issued 15,000 shares of...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January...
Stockholders' Equity: Transactions and
Statement
The stockholders' equity section of Night Corporation's balance
sheet at January 1 follows:
Common stock, $8 par value, 300,000 shares authorized, 60,000
shares
480,000
issued, 6,000 shares in treasury
Additional paid-in capital
In excess of par value
720,000
From treasury stock
45,000
765,000
Retained earnings
522,000
1,767,000
Less: Treasury stock (6,000 shares) at cost
207,000
Total Stockholders’ Equity
1,560,000
The following transactions affecting stockholders’ equity
occurred during the year:
Jan.
8
Issued 15,000 shares of...
Statement of Stockholders’ Equity The Statement of Stockholders’ Equity is also referred to as investment or...
Statement of Stockholders’ Equity
The Statement of Stockholders’ Equity is also referred to as
investment or net worth. It is a financial statement in annual
reports to stockholders which shows the amount of paid-in capital
and retained earnings and the changes therein since the preceding
report.
Solve the following three exercises and please show all of your
calculations.
Exercise 1
Retained earnings
1/1/2017
$200,000
Net income for 2017
$540,000
Dividends declared
2017
$120,000
What is the amount of...
Identify the major components of stockholders’ equity by examining the Statement of Stockholders’ Equity. What types...
Identify the major components of stockholders’ equity by
examining the Statement of Stockholders’ Equity. What types of
transactions resulted in significant changes in the Stockholder
Equity accounts during the most recent year? Did your company make
dividend payments to stockholders during the most recent year?
For the Company UPS. Using information from UPS website/yahoo
finance
EQUITY Thomas' Corporation had the following stockholders’ equity information from the balance sheet for year ending...
EQUITY
Thomas' Corporation had the following stockholders’ equity
information from the balance sheet for year ending 12/31/2018.
Preferred Stock - $50 par value, 10% cumulative, 10,000 shares
authorized, 4,000 shares issued
Treasury Stock on Preferred $50 par value, 10% cumulative 1000
shares, company paid $150,000 for the Treasury Stock
Common Stock - $2 par value, 1,000,000 shares authorized, 60,000
shares issued
Capital Excess of Par $480,000
Treasury Stock on Common 8,000 shares, company paid $160,000 for
the Treasury Stock
Retained...
1. Prepare an income statement, statement of stockholders' equity and balance sheet The accounting records of...
1. Prepare an income statement, statement of stockholders'
equity and balance sheet The accounting records of Campus company
for the year ended February 28, 2018 Required: Multiple-step income
statement, Statement of changes in stockholder’s equity and Balance
Sheet. Use following information: Accumulated depreciation building
$200,000 Retained earnings 158,000 Cost of goods sold 4,800,000
Prepaid insurance 10,000 Sales Revenue 7,805,000 Treasury Stocks
351,000 Accounts receivables 445,000 Merchandise Inventory 597,000
Mortgage payable (90,000 of this mortgage is to be pd within a...
Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for 2016.
The following transactions apply to Park Co. for 2016:
1. Received $50,000 cash from the issue of common stock.
2. Purchased inventory on account for $180,000.
3. Sold inventory for $250,000 cash that had cost $140,000. Sales tax was collected at the rate of 5 percent on the inventory sold.
4. Borrowed $50,000 from First State Bank on March 1, 2016. The note had a 7 percent interest rate and a one-year term to maturity.
5. Paid the accounts payable...
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