Dwyer Corporation has issued 100,000 shares of $5 par value common stock It was authorized 500,000 shares The paid in capital in excess of par value on the common stock is $263,000 The corporation has reacquired 7,000 shares at a cost of $46,000 and is currently holding those shares The corporation...

DWYER CORPORATION Balance Sheet Partial Stockholders equity Paidin ...

Dwyer Corporation has issued 100,000 shares of $5 par value common stock . It was authorized 500,000

Question:

Dwyer has issued 100,000 shares of $5 . It was authorized 500,000 shares. The paid-in capital in excess of on the is $263,000. The has reacquired 7,000 shares at a cost of $46,000 and is currently holding those shares.
The also has 2,000 shares issued and outstanding of 9%, $100 preferred stock. It authorized 10,000 shares. The paid-in capital in excess of on the preferred stock is $23,000. Retained earnings is $372,000. Prepare the stockholders’ equity section of the balance sheet.

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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...