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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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A(n) _____ refer(s) to a detailed description of a brand's current marketing position.
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Answer: Situation analysis

Explanation:

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3 years ago
Taggart Transcontinental currently has a bank loan outstanding that requires it to make three annual payments at the end of the
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Answer:

Future value is approximately $3,183,600 which is equal to $3,184,000.

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Please see attachment

Download pdf
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3 years ago
The Ziltech Consulting Group reported net income of $1,000,000 for its fiscal year ended December 31, 2021. In addition, during
grigory [225]

Answer:

$1,240,000

Explanation:

Given that,

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Total other comprehensive income:

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7 0
3 years ago
Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending
Assoli18 [71]

Answer:

reported as income for all three years   is $7,000

Explanation:

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Income per year =   \frac{21000}{3}

Income per year =  $7000

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3 years ago
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Answer:

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