Red Rider Company has the following stockholders equity section on its balance sheet as of December 31,

Question:

Red Rider Company has the following stockholders€™ equity section on its as of December 31, 2012 and 2011.

Red Rider Company (in millions) 2012 2011 Stockholders' Equity Contributed capital: Preferred stock S 20 $ 2.0 Common st

Based on this stockholders€™ equity section, answer the following questions:
1. At the end of 2012, what was the total amount of equity financing provided by Red Rider€™s investors?
2. At the end of 2012, how much of Red Rider€™s earnings had not been distributed to investors?
3. What is the total amount of €œother equity items€™€™ contained in the 2012 stockholders€™ equity section?
4. What contributed most to the increased equity from 2011 to2012?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...