{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

EXERCISE 15-17 - 1,000,000 From sale of treasury stock...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
EXERCISE 15-17 (20–25 minutes) Teller Corporation Stockholders’ Equity December 31, 2010 Capital stock Preferred stock, $4 cumulative, par value $50 per share; authorized 60,000 shares, issued and outstanding 10,000 shares .............................. $ 500,000 Common stock, par value $1 per share; authorized 600,000 shares, issued 200,000 shares, and outstanding 190,000 shares ............ 200,000 Total capital stock ............................................... 700,000 Additional paid-in capital— In excess of par value ...................................................
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1,000,000 From sale of treasury stock. ....................................... 160,000 Total paid-in capital. ............................................ 1,860,000 Retained earnings . ..................................................................... 201,000 Total paid-in capital and retained earnings . ...................... 2,061,000 Less: Treasury stock, 10,000 shares at cost. .................... 170,000 Total stockholders’ equity. .......................................... $1,891,000...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern