Presentation of Stockholders' Equity
Steven’s Restorations was organized in January 2019. During 2019, Steven’s engaged in the following stockholder's equity activities:
Required:
Prepare the stockholders equity portion of Steven’s balance sheet as of December 31, 2019.
Concept introduction:
Stockholder’s Equity:
Stockholders Equity includes the paid up amount of all stocks (Common as well as preferred) issued and retained earnings balance. It represents the amount owed to the stockholders by the company. Stockholders Equity is the section of balance sheet’s equity part.
To prepare:
The Stockholder’s Equity Section as on Dec. 31, 2019.
Stockholders Equity includes the paid up amount of all stocks (Common as well as preferred) issued and retained earnings balance. It represents the amount owed to the stockholders by the company. Stockholders Equity is the section of balance sheet’s equity part.
The two ways the company can distribute its assets to the shareholder’s before its liquidation are as follows:
The Stockholder’s Equity Section as on Dec. 31, 2019 is prepared as follows:
Statement of Stockholder’s Equity | |
Common Stock (480000 Shares @ $10) | $ 4,800,000 |
Additional Paid ... |
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