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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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.
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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 ...
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