ACO01 - Lecture 5 - Completing the Accounting Cycle [Compatibility Mode]

two separate accountssheet december 31 common per

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Unformatted text preview: id-in capital & STOCKHOLDERS" EQUITY Shareholders' equity: Common stock, $1 par value, 2,400,000 shares authorized, 80,000 and 74,000 issued and outstanding at December 31, 2002 and 2001 (Note 4) Paid-in capital $ Accumulated other comprehensive income Retained Earnings Total shareholders' equity $ 74,000 215,000 225 121,570 410,795 525,655 $ $ 80,000 236,000 (600) 142,365 457,765 576,580 Consolidate d Balance Sheet December 31, 2001 2002 (in thousands, except share data and per shate data) LIABILITIES & STOCKHOLDERS" EQUITY Shareholders' equity: Comprehensive income includes gains Common stock, $1 par value, 2,400,000 shares authorized, 80,000 and 74,000 and losses not included in the issued and outstanding at December 31, computation of net income. 80,000 2002 and 2001 (Note 4) $ 74,000 $ Paid-in capital 215,000 236,000 Accumulated other comprehensive income Retained Earnings Total shareholders' equity 225 121,570 410,795 525,655 (600) 142,365 457,765 576,580 $ $ Consolidate d Balance Sheet December 31, 2001 2002 (in thousands, except share data and per shate data) LIABILITIES & STOCKHOLDERS" EQUITY Shareholders' equity: Common stock, $1 par value, 2,400,000 shares authorized, 80,000 and 74,000 issued and outstanding at December 31, 2002 and 2001 (Note 4) Paid-in capital Retained earnings is the accumulated $ 74,000 80,000 earnings of the company less$the 215,000 236,000 accumulated dividends declared. Accumulated other c...
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This document was uploaded on 02/27/2014.

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