Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional...
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Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,125,000; and Retained Earnings, $13,000,000, During June, Nonic issued for cash 60,000 shares of common stock (with a stated value of $1) at $17 per share. Noric reported the following results for the month ended October 31 Net income Cash dividends declared Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank, $2,200,000 465,000 Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,125,000; and Retained Earnings, $13,000,000, During June, Nonic issued for cash 60,000 shares of common stock (with a stated value of $1) at $17 per share. Noric reported the following results for the month ended October 31 Net income Cash dividends declared Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank, $2,200,000 465,000
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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