Preferred

Common
67020

3700

11170
52100

201060 NOT REPORTED

266400

370000

1184020

100 par
9 par

103600

1117000
468900

Paid-In Capital
67020 Preferred Stock
Paid-In Capital in Excess of Par- Preferred

6%

Preferred Stock
Common
Pain-in Excess of Par- Common

1117000
67020

8
106

370000
266400
103600

5-Jan Cumulative
Common Stock

nonparticipating
54000

11-Jan Issued

21920
241120

1-Feb Issued

4700
Equipment
Factory
Land
488800

29-Jul Purchased

10-Aug sold

31-Dec declared

31-Dec Closed

Capital Stock
Preferred Stock
Common Stock
Total Capital Stock
Additional Paid-in Capital
Paid-in Capital in Excess- Preferred Stock
Paid-in Capital in Excess- Common Stock
Total Paid-in Capital
Retained Earnings
Total Stockholders' Equity

1860

1860

0.45

Income Summary
Net Income

69120
131520

Preferred Stock

5300

104 Par

7%

11 Par
Common Stock

11-Jan

17 per share
372640
1-Feb

Preferred
FV
FV
Apprised Value

59320
172800
325800
557920

44080

29-Jul
Common

19 per share
35340

treasury

9864
34216

10-Aug

13 per share
24180

common dividend
preferred dividend

31-Dec
38584
31-Dec

180440

488800
241120
729920

200640
930560
125200
1055760

Cash
Common Stock
Paid-In Capital in Excess-Common Stock

372640

Equipment
Buildings
Land
Preferred Stock
Paid-in Capital in Excess- Preferred Stock

59320
172800
325800

241120
131520

488800
69120

Treasury Stock
Cash

35340

Cash
Retained Earnings
Treasury Stock

24180
11160

Retained Earnings
Dividends Payable

44080

Income Summary
Retained Earnings

180440

35340

35340

44080

180440

Preferred
Common

20
5

Preferred Stock
Common Stock
Paid-In Capital in Excess of Par- Preferred Stock
Paid-In Capital in Excess of Par- Common Stock
Retained Earnings

8%

156300
2088000
207500
27790000
4539000

1-Jan Preferred
38000
1-Feb Common
58900
1-Jun Split
2-for-1
1-Jul Common
35100
15-Sep
10400 Treasury
31-Dec Preferred
Common
0.45
31-Dec Net Income
2186000
Preferred Stock Excess
3126000
207500
760000
114000
3886000
321500
Common
Excess
10440000 27790000
294500
942400
10734500 28732400
Retained
4539000
-310880
-1921095
2186000
4493025
Treasury

Excess
351000
20800
-104000
247000
20800

3126000
10440000

250080

23
21
Par
2.5
Treasury
10 per share
12 per share
250080
939600

Capital Stock
Preferred Stock
Common Stock
Total Capital Stock
Additional Paid-in Capital
Paid-in Capital in Excess- Preferred
Paid-in Capital in Excess- Common
Paid-in Capital from Treasury
Total Paid-in Capital
Retained Earnings
Total Paid-in Capital and Retained Earnings
Less: Treasury Stock
Total Stockholders' Equity

3886000
10734500
14620500
321500
28732400
20800
29074700
43695200
4493025
48188225
247000
47941225

Assets
Current Assets
Equity Investments
Equipment (net)
Intangibles
Total Assets

ABC Stock

10,710 Shares @cost

Liabilities and Stockholders' Equity

Current and Long Term Liabilites
Stockholders' Equity
Common Stock
$5 Par
Paid-in Capitial in Excess of Par
Retained Earnings
Total Liabilites and Stockholders' Equity

$22,800
$113,900
$167,070

Declares and Pays

a)
Total Assets
Common Stock
Paid-in Capitial in Excess of Par
Retained Earnings
Total Stockholders' Equity

$0.58 per share Dividend

Change
Amount
Decrease
$2,645
No Effect
No Effect
Decrease
$2,645
Decrease
$2,645

Declares and Issues a

b)
Total Assets
Common Stock
Paid-in Capitial in Excess of Par
Retained Earnings
Total Stockholders' Equity

10% Stock Dividend when the Market Price is

Change
Amount
No Effect
Increase
$2,280
Increase
$4,104
Decrease
$6,384
No Effect

Declares and Issues a

c)
Total Assets
Common Stock
Paid-in Capitial in Excess of Par
Retained Earnings
Total Stockholders' Equity

30% Stock Dividend when the market Price is

Change
Amount
No Effect
Increase
$6,840
No Effect
Decrease
$6,840
No Effect

Declares and Distributes a Property

of its own.
d)
Total Assets
Common Stock
Paid-in Capitial in Excess of Par
Retained Earnings
Total Stockholders' Equity
Declares a
e)
Total Assets

Dividend.
1 Share
ABC is selling for
Change
Amount
Decrease
$9,120
No Effect
No Effect
Decrease
$9,120
Decrease
$9,120
3 for
Change
Amount
No Effect

of its equity (ABC Stock) fo

10 per share

1 Stock Split and issues Ne

Common Stock
Paid-in Capitial in Excess of Par
Retained Earnings
Total Stockholders' Equity

No
No
No
No

Effect
Effect
Effect
Effect

$48,900
$42,840
$255,100
$60,730
$407,570

$4

$103,800
4560
$303,770
$407,570

arket Price is

$14 per share

arket Price is

$15 per share

its equity (ABC Stock) for every

tock Split and issues New Shares