When Resisto Systems, Inc., $100 par value, 8 percent mon stock. 11-5 11.3 Equity ance...
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When Resisto Systems, Inc., $100 par value, 8 percent mon stock. 11-5 11.3 Equity ance Sheet common stock were sold for $13 per share. At the end of the current year, Resihio was formed, the company was authorized to issue 5,000 shares of cumulative preferred stock, and 100,000 shares of S2 stated value com- Half of the preferred stock was issued at a price of $103 per share earnings of $475,000. a. Prepare the stockholders' equity section of th , and 70,000 shares of the current year. e company's balance sheet at the end of the b. Assume R esisto Systems's common stock is trading at $24 per share and its preferred stock is trading at S107 per share at the end of the current year. Would the stockholders' equity section prepared in part a be affected by this additional information
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