Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,275,000; and Retained Earnings, $12,500,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $15 per share. Noric reported the following results for the month ended October 31: Net income $2,200,000 Cash dividends declared 480,000 Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc. Statement of Stockholders' Equity For the Month Ended October 31
Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,275,000; and Retained Earnings, $12,500,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $15 per share. Noric reported the following results for the month ended October 31: Net income $2,200,000 Cash dividends declared 480,000 Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc. Statement of Stockholders' Equity For the Month Ended October 31
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 1R: Chen Corporation began 2012 with the following stockholders equity balances: The following selected...
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Statement of
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,275,000; and
Net income | $2,200,000 |
Cash dividends declared | 480,000 |
Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.
Noric Cruises Inc. | ||||
Statement of Stockholders' Equity | ||||
For the Month Ended October 31 | ||||
Common Stock |
Additional Paid-In Capital |
Retained Earnings |
Total |
|
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$fill in the blank 22 | fill in the blank 23 | fill in the blank 24 | fill in the blank 25 |
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