Homework Quiz—9 S11 Section2

Homework Quiz—9 S11 Section2 - Homework...

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Homework Quiz-9 S11 Section 2 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, 4,089,000 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 (11,000 shares common). ................................................ (220,000 ) Total stockholders’ equity. ........................................ $45,922,000
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This note was uploaded on 03/03/2012 for the course MGMT 351 taught by Professor Staff during the Spring '08 term at Purdue University-West Lafayette.

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Homework Quiz—9 S11 Section2 - Homework...

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