Prepare the statement of stockholders equity

Assignment Help Managerial Accounting
Reference no: EM13939647

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
Common Stock has a par value of $5 per share. There are 60,000 sharesauthorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a share. 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: EM13939647

Questions Cloud

Find the truth table of a three-variable exclusive-or(odd) : Find the truth table of a three-variable exclusive-OR(odd) function
What is an estimate of g company cost of equity : G company's current share price is$19.85 and it is expected to pay a $0.90 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 3.7% per year. What is an estimate of G Company's cost of equity? G company al..
Overall topic of the paper-momentum : The overall topic of the paper should be "Momentum" ... you can select from the following sub-topics
Understanding systems assignment : As part of the formal assessment for the programme you are required to submit an Understanding Systems assignment. Please refer to your Student Handbook for full details of the programme assessment scheme and general information on preparing and s..
Prepare the statement of stockholders equity : Prepare the statement of stockholders Equity in proper format in a Word document.
What is optimal capital structure : Optimal capital structure Jackson Trucking Company is in the process of setting its target capital structure. The CFO believes the optimal debt-to-capital ratio is somewhere between 20% and 50%, and her staff has compiled the following projections fo..
Review the healthy people 2020 : Healthy People Essay Assignment Summary Review the Healthy People 2020 Objectives found at Choose one topic to write about in a one page
Firm produces output using a single plant : Find the level of output at which average cost is minimized. What is the minimum level of average cost? Find the firm's profit maximizing output and price. Find its profit.
What is the operating cash flow for the project in year : You are evaluating a project for The Tiff-any golf club, guaranteed to correct that nasty slice. You estimate the sales price of The Tiff-any to be $470 per unit and sales volume to be 1,000 units in year 1; 900 units in year 2; and 1,325 units in ye..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Cost of acquistion-capitalizable costs-current expense

The invoice of a machine is $40,000. Various other costs relating to the acquistion and installation of the machine including transportation, electrical wiring, special base, and so on amount to $7,500.

  Describe the fall of the communist bloc in eastern europe

Describe the fall of the communist bloc in Eastern Europe and especially in the Soviet Union. What developments of the 1980s contributed to this fall and how?

  Explain how the inventory loss would be reported

Explain how the inventory loss would be reported when the periodic inventory system is used.

  Knowledge-activity based costing

City of Joseph Commercial Bank hired consultants to compute the costs of three products: checking accounts, personal loans, and the Gold visa card. The consultant identified the following activities, costs and activity drivers (annual data):

  Calculate bay area cycles break-even point in units

Refer to the current information for Bay Area Cycle Co. in Mini-Exercise 12.4. In Mini-Exercise 12.4, Current operating income for Bay Area Cycles Co. is $70,000. Selling price per unit is $100, the contribution margin ratio is 35% and fixed expense ..

  Capitalism as an economic system

According to its definition, capitalism as an economic system is characterized by which of the following mercantilist policies-democratic policies-freedom and competition-religious freedom-selfishness at all costs

  What is the break even point per month in sales dollars

What is the break-even point per month in sales dollars? What level of sales dollars is needed for a monthly profit of $60,000?

  Nashville corporation-short term and long term use

Nashville Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and long-run monthly usage of the staff hours for Operating Departments 1 and 2 follow.

  Implementing strategic management accounting system

During the recession, the company suffered losses and it was pointed out that the lack of management accounting system was one of the reasons. Implementing Strategic Management Accounting system has been given in the solution

  Maga company which has only one product has provided the

maga company which has only one product has provided the following data concerning its most recent month of

  Prepare a flowchart using job order cost system

Knox Company begins operations on January Because all work is done to customer specifications, the company decides to use a job order cost system.

  Identify each expense as fixed-variable,or mixed

Identify each expense as fixed, variable, or mixed and prepare a contribution margin income statement based on a volume of 5,000 windows.

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