Bramble Corp. has issued 96,000 shares of $7 par value common stock. It was authorized 509,000 shares. The paid-in capital in excess of par value on the common stock is $267,000. The corporation has reacquired 7,600 shares at a cost of $46,500 and is currently holding those shares. It also had accumulated other comprehensive income of $63,000.

The corporation also has 2,900 shares issued and outstanding of 8%, $105 par value preferred stock. It authorized 10,400 shares. The paid-in capital in excess of par value on the preferred stock is $26,800. Retained earnings is $386,000.

Prepare the stockholders’ equity section of the balance sheet. (Enter account name only and do not provide descriptive information.)

 

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BRAMBLE CORP. Balance Sheet (Partial) Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 3045000 Common Stock 672000 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred St 26800 Paid-in Capital in Excess of Par Value-Common St 267000 293800 Total Paid-in Capital Retained Earnings 386000 Total Paid-in Capital and Retained Earnings Accumulated Other Comprehensive Income 63000 Less Treasury Stock 46500 Total Stockholders' Equity BRAMBLE CORP. Balance Sheet (Partial) Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 3045000 Common Stock 672000 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred St 26800 Paid-in Capital in Excess of Par Value-Common St 267000 293800 Total Paid-in Capital Retained Earnings 386000 Total Paid-in Capital and Retained Earnings Accumulated Other Comprehensive Income 63000 Less Treasury Stock 46500 Total Stockholders' Equity

Answer rating: 100% (QA)

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