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Homework answers / question archive / Splish Brothers Inc

Splish Brothers Inc

Accounting

Splish Brothers Inc.'s December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 30000 shares authorized; 21000 shares issued $ 420000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19500000 73000 Paid-in capital in excess of par value - preferred stock Paid-in capital in excess of par value - common stock Retained earnings 28700000 9650000 Treasury stock (26000 shares) 546000 Splish's total stockholders' equity was O $58889000 O $57797000. O $706610. O $47979000

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6% Preferred stock, $20 par value, cumulative 3000 shares authorised; 21000 shares issued 420000

Common stock, $10 par value, 3000000 shares authorized; 1950000 shares issued, 1920000 shares outstanding

 19500000
Paid in capital in excess of par value - preferred stock 73000
Paid-in Capital in excess of par value- common stock 28700000
Retained Earnings 9650000
  58343000
Less: Treasury Stock (546000)
Total Stockholder's Equity $57797000

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