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    Stockholders equity/Paid in Capital and Balance Sheet

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    Common Stock, $10 par value $300,000
    Paid-in Capital in excess of par-common 200.000
    Retained Earnings 225,000
    Preferred Stock, $50 par value 150,000
    Paid-in Capital in excess of par-preferred 30,000

    What is the total stockholders equity?

    Beemer Corporation organized on January 1, 20X3. Beemer has authorization for 90,000shares of $10 par value common stock. As of December 31, 20X3. Beemer has issued 50,000 shares of its common stock at an average issuance price of $12. Beemer also has authorization for 50,000 shares of 5%, $50 par value, noncumulative preferred stock. As of December 31, 20X3, Beemer has issued 10.000 shares of preferred stock at an average issuance price of $70 per share. Beemer reports net income of $47,000 for its first year of operations ended in December31, 20X3.

    Prepare the stockholders' equity section of the balance sheet for Beemer Corporation dated December 31, 20X3.

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    Stockholders equity/Paid in Capital and Balance Sheet

    Common Stock, $10 par value $300,000
    Paid-in Capital in excess of par-common 200.000
    Retained Earnings 225,000
    Preferred Stock, $50 par value 150,000
    Paid-in Capital in excess of par-preferred 30,000

    What is the total stockholders equity?

    Beemer Corporation organized on January 1, 20X3. Beemer has authorization for 90,000shares of $10 par value common stock. As of December 31, 20X3. Beemer has issued 50,000 shares of its common stock at an average issuance price of $12. Beemer also has authorization for 50,000 shares of 5%, $50 par value, noncumulative preferred stock. As of December 31, 20X3, Beemer has issued 10.000 shares of preferred stock at an average issuance price of $70 per share. Beemer ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer what is the total stockholders equity and prepare the stockholders' equity section of the balance sheet for Beemer Corporation dated December 31, 20X3.

    $2.49

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