LLS6e_Ch11 - a. Shares of common stock issued to organizers...

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Student Name: Class: Problem 11-02 SKYHAWK CORPORATION Stockholders' Equity Contributed capital: Total contributed capital Retained earnings Total Stockholders' Equity
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Given Data P11-02: SKYHAWK CORPORATION Preferred stock: Par $10 Authorized shares 21,000 Interest rate 10% Common stock: Par $8 Authorized shares 50,000 2009 transactions:
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Unformatted text preview: a. Shares of common stock issued to organizers 40,000 Price per share $12 b. Preferred stock preferred stock sold 5,500 Price per share $16 c. Shares of common stock sold 3,000 Price per share $15 d. Preferred stock preferred stock sold 1,000 Price per share $26 e. Net income for 2009 $51,000...
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This note was uploaded on 06/27/2011 for the course ACCOUNTING 121 taught by Professor Ambrose during the Spring '10 term at San Mateo Colleges.

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LLS6e_Ch11 - a. Shares of common stock issued to organizers...

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