{"id":86933,"date":"2022-08-12T03:01:41","date_gmt":"2022-08-12T03:01:41","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/problem-11-2a-the-stockholders-equity-accounts-of-bridgeport-corp\/"},"modified":"2022-08-12T03:01:41","modified_gmt":"2022-08-12T03:01:41","slug":"problem-11-2a-the-stockholders-equity-accounts-of-bridgeport-corp","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/problem-11-2a-the-stockholders-equity-accounts-of-bridgeport-corp\/","title":{"rendered":"Problem 11-2a the stockholders&#8217; equity accounts of bridgeport corp."},"content":{"rendered":"<div>\n<p><span>Problem 11-2A The stockholders&#8217; equity accounts of Bridgeport Corp. on January 1, 2017, were as follows Preferred stock (7%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($4 stated value, 305,000 shares authorized) 1,016,666 Paid-in Capital in Excess of Par Value-Preferred Stock 12,900 paid in Capital in Excess of Stated Value-Common Stock 488,000 Retained Earnings 699,500 Treasury Stock (4,300 common shares) 34,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders&#8217; Feb. 1 Issued 5,470 shares of common stock for $38,290 Mar, 20 Purchased 1,000 additional shares of common treasury stock at $8 per share. oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1 Dec. Declared a $0.75 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 21 Determined that net income for the year was $280,500. Paid the dividend declared on December 1.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Problem 11-2A The stockholders&#8217; equity accounts of Bridgeport Corp. on January 1, 2017, were as follows Preferred stock (7%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($4 stated value, 305,000 shares authorized) 1,016,666 Paid-in Capital in Excess of Par Value-Preferred Stock 12,900 paid in Capital in Excess of Stated Value-Common Stock 488,000 Retained [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-86933","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/86933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=86933"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/86933\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=86933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=86933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=86933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}