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netineya [11]
3 years ago
9

United Apparel has the following balances in its stockholders' equity accounts on December 31, 2021: Treasury Stock, $700,000; C

ommon Stock, $450,000; Preferred Stock, $2,100,000; Retained Earnings, $1,450,000; and Additional Paid-in Capital, $7,300,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)
Business
1 answer:
Sergio [31]3 years ago
7 0

Answer and Explanation:

The preparation of stockholders' equity is shown below:-

Stockholder's equity Statement

December 31, 2021

Particulars                               Amount ($)

Paid-in capital  

Preferred Stock                      $2,100,000

Common Stock                       $450,000

Additional paid in capital       $7,300,000

Total paid in capital                $9,850,000

Add:Retained earnings           $1,450,000

sub total                                    $11,300,000

Less: Treasury stock                $700,000

Total stockholders' equity      $10,600,000

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Answer:

The firm's unleveraged beta is 1.0251

Explanation:

Hamada's equation  is used to separate the financial risk of a levered firm from its business risk.

The Hamada equation:

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Treasury stock is:
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a. Common stock acquired by the company in the open market & recorded as negative equity

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