contestada

1 Issues 56,000 additional shares of $1 par value common stock for $53 per share. May 10 Purchases 5,100 shares of treasury stock for $56 per share. June 1 Declares a cash dividend of $1.55 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,550 shares of treasury stock purchased on May 10 for $61 per share. repare the stockholders’ equity section of the balance sheet for Power Drive Corporation as of December 31.

Respuesta :

Answer: $2,476,105

Explanation:

Stockholders' equity is the amount of assets that remain in a business after all the liabilities have been settled. Stockholders equity is calculated as the capital that is given to a business by its shareholders, plus the donated capital and earnings that are generated by the operation of the business, minus any dividends issued.

The calculation is attached below.

Ver imagen topeadeniran2

Otras preguntas