For the year ended December 31, 2014, Transformers Inc reported the following Net income $180,000 Preferred dividends declared 30,000 Common dividend declared 6,000 Unrealized holding loss, net of tax 3,000 Retained earnings, beginning balance 240,000 Common stock 120,000 Accumulated Other Comprehe...

Amount Reported as Stockholders Equity Retained Earnings O ...

For the year ended December 31, 2014, Transformers Inc. reported the following: Net income $180,000 Preferred dividends

Question:

For the year ended December 31, 2014, Transformers Inc. reported the following: Net income $180,000 Preferred dividends declared 30,000 Common declared 6,000 Unrealized holding loss, net of tax 3,000 Retained earnings, beginning balance 240,000 120,000 Accumulated Other Comprehensive Income, Beginning Balance 15,000 What would Transformers report as total stockholders' equity?
a. $516,000
b. $504,000
c. $384,000
d. $360,000
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... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...