As of the beginning of 2010 100 shares of preferred

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Unformatted text preview: r Capital in Excess of Par • Stock Split Equity Compensation Terms • Restricted Stock • Stock Options • Strike Price • Exercising an Option Accounting 215 Autumn 2013 Accounting 215 Autumn 2013 Nautical has two classes of stock authorized: $10 par preferred and $1 par value common. As of the beginning of 2010, 100 shares of preferred stock and 2,000 shares of common stock have been issued. The following transactions affect stockholders’ equity during 2010: 3/1 Issue 2,000 additional shares of common stock for $15 per share 4/1 Issue 200 additional shares of preferred stock for $30 per share 6/1 Declare a cash dividend on both common and preferred stock of $0.50 per share to...
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