70.2K

Verified Solution

Link Copied!

paid in year-end? stock at year-end if total paid-in capital plus retained capital at or the common book value per share equals Problem 11-2B the following components of stockholders' equity on December 31, 2015 Cash dividends, treasury stock, and statement of ar value, 320,000 shares authorized, tock-si ca00,000 shares issued and outstanding retained earnings 200,000 ital in excess of par value, common stock C3 P2 P3 1.400,000 Retained earnings e Total stockholders' 2, 160,000 $3.760.000 the following transactions related to stockholders' equity in year 2016: shares of its own stock at $12 cash per share. purchase declared a si 50 per share cash dividend payable on March 31 to the March 15 stock- dividend declared on March 2 paid the its treasury shares at S13 cash per share. sold 16 000 of its treasury shares at $9.50 cash per share. declared a $2.50 per share cash dividend payable on January 2 to the December 10 dock holders credit balance (from net income) in the Income Summary account to $1, 072,000 Retained Earnings. al entries to record each of these transactions for 2016. Check 12) Retained earnings, Dec. 31.2016, Prepare statement of retained earnings for the year ended December 31, 2016. $2, 476,000 k holders' equity section of the company's balance sheet as of December 31, 2016 he stock

Answer & Explanation Solved by verified expert

See Answer