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Stockholders’ Equity Assignment | Top Universities

Anderson Corporation reports the following Stockholders’ Equity on its Balance Sheet as of December 31, 2012:

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Stockholders’ Equity

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Preferred 5% Stock, $50 par (100,000 shares authorized,
25,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . $1,250,000

Paid-In Capital in Excess of Par – Preferred Stock . . . . . .     250,000    $1,500,000

Common Stock, $1 par (1,000,000 shares authorized,

150,000 shares issued) . . . . . . . . . . . . . . . . . . . . . .      150,000

Paid-In Capital in Excess of Par – Common Stock . . . . . .     100,000         250,000      $1,750,000

Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                     2,550,000

Total Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . .                                                $4,300,000

The Board of Directors for Anderson Corporation declared a 3-for-1 common stock split. Below you are to correctly rewrite the Stockholders’ Equity portion of Anderson Corporation’s Balance Sheet after the stock split. Get Accounting Homework Help Today

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