See the data below for Alyssa Corporation as of 12/31/08:

Treasury stock, common (at cost) $4,000,000

Additonal paid-in capital, common 9,000,000

Dividends payable 100,000

Retained income 12,000,000

Additional paid-in capital, preferred 2,000,000

Common stock, $2.50 par value, 1.8 million shares authorized, 1.2 million shares

issued of which 60,000 are held in the treasury 3,000,000

6% cumulative preferred stock, $40 par value callable at $42, authorized 100,000 shares,

issued and outstanding 100,000 shares 4,000,000

Prepare the stockholders' equity section of the balance sheeet as of 12/31/08.

Answer rating: 100% (QA)

Statement of Shareholders Equity 6 cumulative preferred sto... View the full answer