tatement of Shareholders' Equity On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $106,675 additional paid-in capital on preferred stock 11,200 Common stock, $2 par Preferred stock, $100 par 50,200 56,000 Retained earnings 225,000 uring 2019, the company sold 5,000 shares of common stock for $15 per share and 220 shares of preferred stock for $133 per share. It also earned income of $100,000 and paid dividends of $10 per share on the preferred stock and $1.60 per share on the common stock outstanding at the end of 2019 his information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Required: repare Osgood's statement of shareholders' equity (include retained earnings) for 2019. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Preferred Common Additional Additional Stock Stock Paid-in Capital Paid-in Capital on Preferred Stock Retained $100 par $2 par on Common Stock Earnings Total
tatement of Shareholders' Equity On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $106,675 additional paid-in capital on preferred stock 11,200 Common stock, $2 par Preferred stock, $100 par 50,200 56,000 Retained earnings 225,000 uring 2019, the company sold 5,000 shares of common stock for $15 per share and 220 shares of preferred stock for $133 per share. It also earned income of $100,000 and paid dividends of $10 per share on the preferred stock and $1.60 per share on the common stock outstanding at the end of 2019 his information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Required: repare Osgood's statement of shareholders' equity (include retained earnings) for 2019. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Preferred Common Additional Additional Stock Stock Paid-in Capital Paid-in Capital on Preferred Stock Retained $100 par $2 par on Common Stock Earnings Total
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
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 12E
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning