help acc E5-12 (Algo) Stock Issuances and the Statement of Stockholders' Equity LO5-3...
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E5-12 (Algo) Stock Issuances and the Statement of Stockholders' Equity LO5-3 In a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued 1,260,000 shares of its $0.08 par value stock for $1,008,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the line on the statement of stockholders' equity that would reflect this transaction. Note: Enter your answers in dollars rather than millions. Answer is complete but not entirely correct. Common Stock Additional Paid-in Retained Earnings Total Stockholders' Equity Capital Shares issued for employee stock option plan $ 1,159,200 $ 1,260,000 Shares 1,260,000 Amount $ 100,800 $ 0
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