The stockholders'equity accounts of Bramble Corporation on January 1.2022, were as follows Preferred Stock N S48 par, 10.00 shares authorized) $ 384.000 Common Stock S1 stated value. 2050.000 shares authortzed) 1500.000 Paid-in Capital in Ecess of Par-Preferred Stock 140.000 Paid-in Capitin Ece of Stated Value-Common Stock 1450.000 Retained Earmings 1750.000 Treasury Stock (10,500 common shares 52.500 During 2022. the corporation had the following transactions and events pertaining to its stockholders'eguity Feb Isued 25.000 shares of common stock for $124.000 Apr. Sold 6.000 shares of treasury stock-common for $33700 14 Sept sued 4.900 shares of common stock for a patent valued at $35,100 Nov 10 Purchased 1.100 shares of common stock for the treasury ata cost of $5.700. Dec 31 Determined that net income for the year was $420.000
The stockholders'equity accounts of Bramble Corporation on January 1.2022, were as follows Preferred Stock N S48 par, 10.00 shares authorized) $ 384.000 Common Stock S1 stated value. 2050.000 shares authortzed) 1500.000 Paid-in Capital in Ecess of Par-Preferred Stock 140.000 Paid-in Capitin Ece of Stated Value-Common Stock 1450.000 Retained Earmings 1750.000 Treasury Stock (10,500 common shares 52.500 During 2022. the corporation had the following transactions and events pertaining to its stockholders'eguity Feb Isued 25.000 shares of common stock for $124.000 Apr. Sold 6.000 shares of treasury stock-common for $33700 14 Sept sued 4.900 shares of common stock for a patent valued at $35,100 Nov 10 Purchased 1.100 shares of common stock for the treasury ata cost of $5.700. Dec 31 Determined that net income for the year was $420.000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...
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