Indicate how each of the following accounts should be classified in the stockholders equity section. (a) Common stock (b) Paid-in capital in excess of parcommon stock (c) Retained earnings (d) Treasury stock (e) Paid-in capital from treasury stock (f) Paid-in capital in excess of stated valuecommon stock (g) Preferred stock
Chapter 11, Questions #17
Indicate how each of the following accounts should be classified in the stockholders’ equity section.
(a) Common stock
(b) Paid-in capital in excess of par—common stock
(c) Retained earnings
(d) Treasury stock
(e) Paid-in capital from treasury stock
(f) Paid-in capital in excess of stated value—common stock
(g) Preferred stock
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!
Related Book For
Financial and managerial accounting
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
ISBN: 978-1118016114