Question

Changes in Shareholders’ Equity’ The shareholders’ equity' section of Flores Design Company's December 31, 2015, balance sheet appeared as follows’:
Contributed Capital:
Preferred stock, $100 par (10,000 shares authorized, 1,250 shares issued) ... $125,000
Additional paid-in capital on preferred stock .............. 55, 000
Common stock, $ 10 par (60,000 shares authorized, 15,000 shares issued) . 150,000
Additional paid-in capital on common stock ............. 105,000
Total contributed capital ...................... $435,000
Retained earnings ........................ 78, 000
Contributed capital and retained earnings ............... $513,000
Less: Treasury stock (300 shares of common at $ 14 per share) ....... (4,200)
Total Shareholders' Equity ...................... $508,800


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  • CreatedOctober 05, 2015
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