会计学原理Financial Accounting by Robert Libby第八版 第十一(10)

Chapter 11 - Reporting and Interpreting Owners’ Equity

E11–3. Req. 1

Stockholders’ Equity

Contributed capital: Preferred stock, authorized 4,000 shares,

issued and outstanding, 3,000 shares ...................................................... $ 24,000 Common stock, authorized 103,000 shares,

issued and outstanding, 20,000 shares .................................................... 200,000 Capital in excess of par, preferred .............................................................. 36,000 Capital in excess of stated value, no-par common ..................................... 120,000 Total contributed capital .......................................................................... 380,000 Retained earnings .......................................................................................... 60,000 Total Stockholders’ Equity ....................................................................... Req. 2

The answer would depend on the profitability of the company and the stability of its earnings. The preferred stock has a 9% dividend rate. If the company earns more than 9%, the additional earnings would accrue to the current stockholders. If the company earns less than 9%, it would pay a higher rate to the preferred stockholders. E11–4.

Req. 1 ($30 x 90,000 shares) - $1,600,000 = $1,100,000 Req. 2 $900,000 - $1,000,000 + $800,000 = $700,000 Req. 3 90,000 shares – 80,000 shares = 10,000 shares Req. 4 EPS = $1,000,000 80,000 = $12.50

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