Use the Blumenthal Corporation data in Exercise 10 25A to prepare the stockholders equity section of the companys balance sheet at December 31, 2013 Common stock $3 00 par value per share, 2,400 million shares issued $ 7,200 Capital in excess of par value 7,200 Retained earnings 290 Treasury stock,...

Millions Stockholders Equity Common stock 300 pa ...

Use the Blumenthal Corporation data in Exercise 10-25A to prepare the stockholders equity section of the companys

Question:

Use the Blumenthal data in Exercise 10-25A to prepare the stockholders’ equity section of the company’s at December 31, 2013.
Common stock $3.00 per share,
2,400 million shares issued................ $ 7,200
Capital in excess of ................ 7,200
Retained earnings.................................. 290
Treasury stock, at cost ............................. (80)
Total stockholders’ equity .................. $14,610

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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...