Business, 26.09.2019 18:20 aloading2256

Thomson corporation stockholder’s equity december 31, 2013 common stock (40,000 authorized, 25,000 issued and outstanding with par value of $10 per share.) $ 250,000.00 excess paid in capital on common stock $ 125,000.00 retained earnings $ 500,000.00 total stockholder's equity $ 875,000.00 during the current year, thomson had the following stock transactions:  the company authorizes the sale of 10% preferred stock, 50,000 shares at par value of $50.  sold 20,000 shares of preferred stock at $75 per share.  purchased 5,000 shares of common stock at $20 per share for cash.  declared and distributed a 2% stock dividend to common stockholders when market price was $25 per share.  declared and paid $90,000 in cash dividends to common and preferred stockholders.  sold 2,000 shares of treasury stock at $16 per share.  net loss is $134,000. required: 1. prepare the stockholder’s equity section of the balance sheet for year‐end 2013.

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Thomson corporation stockholder’s equity december 31, 2013 common stock (40,000 authorized, 25,000 i...

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