Question: At December 31, 2012, Mendonca Mall, Inc., reported stockholders equity as follows: During 2013, Mendonca Mall completed these transactions (listed in chronological order): a. Declared

At December 31, 2012, Mendonca Mall, Inc., reported stockholders€™ equity as follows:

At December 31, 2012, Mendonca Mall, Inc., reported stockholders

During 2013, Mendonca Mall completed these transactions (listed in chronological order):
a. Declared and issued a 9% stock dividend on the outstanding stock. At the time, Mendonca Mall stock was quoted at a market price of $22 per share.
b. Issued 2,300 shares of common stock at the price of $15 per share.
c. Net income for the year, $350,000.
d. Declared cash dividends of $182,000.

Requirement
1. Prepare Mendonca Mall, Inc.€™s statement of stockholders€™ equity for2013.

Common stock, 50.50 par, 500,000 shares authorized, 350,000 shares issued. S 175,000 900,000 620,000 $1,695,000 Additional paid-in capita.

Step by Step Solution

3.34 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Mendonca Mall Inc Statement of Stockholders Equity Year Ended December 31 2013 050 Pa... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

247-B-A-I-S (900).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!