Now that you have learned about the issuance of stock, take a look at the General Electric
Question:
1. Determine the dollar amount of common stock and the number of common shares outstanding as reported on the statement of financial position as of December 31, 2010.
2. Does GE report any treasury stock? If so, what is the value of treasury stock as of December 31, 2010?
3. What is the value of GE’s Retained Earnings as of December 31, 2010?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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