Prepare statement of stockholders equity in proper format

Assignment Help Financial Accounting
Reference no: EM131173479

Below is a list of accounts and final balances for Quiet Company as of December 31, 2009.

Common Stock=$225,000

Long term notes Receivables=$85,000

Bonds Payable=$120,000

Discount on bonds payable=$45,000

Preferred Stock Subscribed=

$60,000

Additional Paid in Capital Common Stock=$850,000

Additional Paid in Capital Preferred Stock=$20,000

Common Stock Subscribed=$120,000

Goodwill=

$38,000

Investments in Debt Securities=$45,000

Donated Capital=$63,000

Preferred Stock=$100,000

Dividends on Common Stock=$23,000

Dividends on Preferred Stock=$15,000

Treasury Stock=$50,000

Retained earnings=$200,000

1. Common Stock has a par value of $5 per share. There are 60,000 shares authorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a share

2. Preferred stock is 5% non-cumulative has a par value of $10 a share. 15,000 shares have been authorized and 10,000 are issued and outstanding. 1000 shares have been prescribed at $60 a share.

Required: Prepare the statement of stockholders Equity in proper format in a Word document.

Reference no: EM131173479

Questions Cloud

What role manager play in training and maintaining culture : Conduct academic research and prepare a 2-3 page report in APA-format on how Zappos trains employees on their culture and weeds out employees who may not be a fit for the culture. What role do managers play in training and maintaining culture?
Confidence interval for the proportion of cad patients : The data below comes from a 2008 paper by Niemiec et al in the European Journal of Epidemiology. The data are coronary artery disease patients and blood donors in Poland. The researchers were examining the frequencies of the M235T polymorphism of ..
Analyse the relative merits demerits and risks involved : Analyse the relative merits, demerits and risks involved and discuss the potential outcomes if Mr. X were to take up all your recommendations.
Affected by changes in aggregate supply and aggregate demand : Participate in a discussion with your classmates regarding where you see the U.S. economy in its business cycle right now, as based on the economic concepts in the textbook. Review the “EYE on Your Life” caption titled, Using the AS-AD Model, on page..
Prepare statement of stockholders equity in proper format : Below is a list of accounts and final balances for Quiet Company as of December 31, 2009. Prepare the statement of stockholders Equity in proper format in a Word document.
Correlation between height and weight for adults : Suppose the correlation between height and weight for adults is +0.40. What proportion (or percent) of the variability in weight can be explained by the relationship with height?
Find the area of the quadrilateral : the length of one diognal of a quadrilateral is 40 cm ,and perpendicular drawn to it from the opposite vertices are 12cm and 9cm . Find the area of the quadrilateral
Variables in a multiple regression equation : The Pearson correlation between X1 and Y is r = 0.50 and the correlation between X2 and Y is r = 0.20. How much variance for the Y scores is predicted by using both X1 and X2 as predictor variables in a multiple regression equation?
Money aggregates-federal reserve system-value of money : (Money Aggregates) What portion of U.S. Federal Reserve notes circulate outside the United States? How does this affect the United States? (The Value of Money) When the value of money was based on its gold content, new discoveries of gold were freque..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd