10 Question 3 Of 3 Iii View Policies Larkspur Company Reported The Following Amounts In The Stockholders Equity 1 (60.96 KiB) Viewed 51 times
10 Question 3 Of 3 Iii View Policies Larkspur Company Reported The Following Amounts In The Stockholders Equity 2 (60.96 KiB) Viewed 51 times
10 Question 3 Of 3 Iii View Policies Larkspur Company Reported The Following Amounts In The Stockholders Equity 3 (60.96 KiB) Viewed 51 times
- / 10 Question 3 of 3 < > III View Policies Larkspur Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. $210,000 Preferred stock, 10%, $100 par (10,000 shares authorized, 2,100 shares issued) Common stock. $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 132,000 Retained earnings 434,000 Total $868,500 During 2020, Larkspur took part in the following transactions concerning stockholders' equity. 1. 2. Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. Purchased 1,800 shares of its own outstanding common stock for $40 per share. Larkspur uses the cost method. Reissued 600 treasury shares for land valued at $30,200. Issued 530 shares of preferred stock at $106 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share. 3. 4. 5.
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