Use the following statement of stockholders equity to answer the following questions about Osborn Electronics Corporation: 1.
Question:
1. How much cash did the issuance of common stock bring in during 2014?
2. What was the effect of the stock dividends on Osborns retained earnings? On total paid-in capital? On total stockholders equity? On total assets?
3. What was the cost of the treasury stock that Osborn purchased during 2014? What was the cost of the treasury stock that Osborn sold during the year? For how much did Osborn sell the treasury stock during 2014?
4. How much was Osborns net income?
5. Osborn revalued available-for-sale investments during the year, resulting in an unrealized gain of $9,000. It also consolidated a foreign subsidiary, resulting in a currency translation gain of $10,000. How much was comprehensive income? How much should be added to Osborns Accumulated Other ComprehensiveIncome?
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas