FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Dividends and treasury stock
еВook
5. PE.13.05A.BLANKSHEET
Dec. 31
09,000pec. 31
DIVIuenu
balance
14,879,000
6. PE.13.05B
Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it blank. Also, if
an amount reduces Stockholders' Equity, then add "minus" sign.
7. PE.13.06A
I-Cards Inc.
Statement of Stockholders' Equity
8. PE.13.06B
For the Year Ended December 31, 20Y9
9. PE.13.07A.BLANKSHEET
Common
Paid-In
Stock
Capital in
10. PE.13.07B
Treasury
Retained
$40 Par
Excess of Par
Stock
Earnings
Total
11. EX.13.13
Balance, Jan. 1, 20Y9
4,800,000 V
960,000
11,375,000
17,135,000
12. EX.13.14
Issued 30,000 shares of Common Stock
1,200,000 V
300,000
1,500,000
Purchased 12,000 shares as Treasury Stock
-480,000 x
-552,000 V
13. EX.13.15
Net Income
3,780,000
3,780,000 V
14. EX.13.17
Dividends
-276,000
-276,000
6,000,000
-552,000
14,879,000 V
Balance, Dec. 31, 20Y9
1,260,000
21,587,000
15. EX.13.18
16. EX.13.19
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17. EX.13.20
Recall that a statement of stockholders' equity is normally prepared in a columnar format, with columns for common stock, paid-in capital in
18. EX.13.22
excess of par, treasury stock, retained earnings, and a total. Show the effect of each equity change in the appropriate column.
19. PR.13.03A.BLANKSHEET
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