Swifty Corporation's December 31, 2020 balance sheet showed the following
Swifty Corporation's December 31, 2020 balance sheet showed the following:
9% preferred stock, $20 par value, cumulative, 9400 shares
authorized; 6400 shares issued $ 128000
Common stock, $10 par value, 1020000 shares authorized;
920000 shares issued, 900000 shares outstanding 9200000
Paid-in capital in excess of par-preferred stock 33000
Paid-in capital in excess of par-common stock 11550000
Retained earnings 3800000
Treasury stock (10067 shares) 317100
Swifty's total stockholders' equity was
$24423900.
$25023900.
$24444900.
$24393900.
Homework Answers
| Preferred stock | $128000 |
| Common stock | 9200000 |
| Paid-in capital in excess of par- Preferred stock | 33000 |
| Paid-in capital in excess of par- Common stock | 11550000 |
| Retained earnings | 3800000 |
| Less: Treasury stock | -317100 |
| Total stockholders' equity | $24393900 |
So, the answer is option D) $24393900
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Swifty Corporation's December 31, 2020 balance sheet showed the following
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