thomson corporation

Project Description:

case 4 [thomson corporation]
fall 2014-1
thomson corporation
stockholder’s equity
december 31, 2013
common stock (40,000 authorized, 25,000 issued and
outstanding with par value of $10 per share.) $ 250,000.00

excess paid in capital on common stock $ 125,000.00

retained earnings $ 500,000.00
total stockholder's equity $ 875,000.00
during the current year, thomson had the following stock transactions:
• the company authorizes the sale of 10% preferred stock, 50,000 shares at par value of
$50.
• sold 20,000 shares of preferred stock at $75 per share.
• purchased 5,000 shares of common stock at $20 per share for cash.
• declared and distributed a 2% stock dividend to common stockholders when market
price was $25 per share.
• declared and paid $90,000 in cash dividends to common and preferred stockholders.
• sold 2,000 shares of treasury stock at $16 per share.
• net loss is $134,000.
required:
1. prepare the stockholder’s equity section of the balance sheet for year‐end 2013.
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
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