Homework Quiz—9 S11 Section1

Homework Quiz—9 S11 Section1 - Homework...

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Unformatted text preview: Homework Quiz-9 S11 Section 1 Name Section Recall that: ∆ Cash + ∆ Other Assets = ∆ L + ∆ PIC + BRE + R – X + G – L – D HATCH COMPANY Stockholders’ Equity December 31, 2010 Capital Stock Preferred stock, $20 par, 8%, 180,000 shares issued and outstanding................................................................................... $ 3,600,000 Common stock, $2.50 par, 5,000,000 shares authorized, 4,100,000 shares issued, 3,900,000 shares outstanding............................................................. 10,250,000 Total capital stock.................................................................................... 13,850,000 Additional paid-in capital Excess over par—preferred................................................. $ 260,000 Excess over par—common.................................................. 27,750,000 From treasury stock transactions......................................... 10,000 28,020,000 Total paid-in capital................................................... 41,870,000 Retained earnings.......................................................................... 4,272,000 Total paid-in capital and retained earnings................................... 46,142,000 Less: Cost of treasury stock (200,000 shares common)............................................... (3,700,000 ) Total stockholders’ equity......................................... $42,442,000...
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Homework Quiz—9 S11 Section1 - Homework...

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