On December 31, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares...
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On December 31, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares authorized Paid-in capital in excess of par-Preferred stock Common stock, $1 par, 250,000 shares authorized Paid-in capital in excess of par-Common stock Retained earnings $40,000 Cr. 160,000 Cr. 70,000 Cr. 960,000 Cr. Accumulated other comprehensive income Treasury stock, 2,400 shares Noncontrolling interests 720,000 Cr. 96,000 Cr. 110,000 Dr. 10,000 Cr. Prepare the stockholders' equity section of the balance sheet for Nakoma Inc. on December 31. State the par value per share, and the number of shares authorized, issued, and outstanding for common stock and preferred stock on the face of the statement. On December 31, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares authorized Paid-in capital in excess of par-Preferred stock Common stock, $1 par, 250,000 shares authorized Paid-in capital in excess of par-Common stock Retained earnings $40,000 Cr. 160,000 Cr. 70,000 Cr. 960,000 Cr. Accumulated other comprehensive income Treasury stock, 2,400 shares Noncontrolling interests 720,000 Cr. 96,000 Cr. 110,000 Dr. 10,000 Cr. Prepare the stockholders' equity section of the balance sheet for Nakoma Inc. on December 31. State the par value per share, and the number of shares authorized, issued, and outstanding for common stock and preferred stock on the face of the statement.
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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