Holiday Corporation had the following stockholders' equity amounts on their balance sheet on December 31, 2020 (the end of their gth year of business): Common Stock, $10 par, 1,000,000 shares authorized, shares outstanding shares Issued, $2,300,000 8,400,000 Paid in Capital in Excess of Par - Common Paid in Capital from Treasury Stock Accumulated Other Comprehensive Income 10,000 160,000 Retained Earnings 5.321.000 Total Stockholders' Equity $16,191,000 During 2021, Holiday completed the following transactions: March 1 Sold 24,000 shares of common stock for $52 per share in cash. June 1 Purchased 12,000 shares of our own company stock for cash when the price
Holiday Corporation had the following stockholders' equity amounts on their balance sheet on December 31, 2020 (the end of their gth year of business): Common Stock, $10 par, 1,000,000 shares authorized, shares outstanding shares Issued, $2,300,000 8,400,000 Paid in Capital in Excess of Par - Common Paid in Capital from Treasury Stock Accumulated Other Comprehensive Income 10,000 160,000 Retained Earnings 5.321.000 Total Stockholders' Equity $16,191,000 During 2021, Holiday completed the following transactions: March 1 Sold 24,000 shares of common stock for $52 per share in cash. June 1 Purchased 12,000 shares of our own company stock for cash when the price
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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