SlideShare a Scribd company logo
1 of 1
The December 31, 2012, balance sheet for Thomas Company showed total stockholders
Solution
..
Given:-
Change in Total stockholder
Let the Net Income be "x"
STOCKHOLDER"S EQUITY STATEMENT
Particulars Amount($)
Opening Balance in Stockholder's Equity (as on Jan-1,2013) 73000
(+)Issue of Common Stock (assuming it to be at PAR Value) 10700
(+)Profit for the year x
(-)Cash Dividend paid to Stockholder's -9500
Closing Balance in Stockholder's Equity (as on Dec-31,2013) 74200 + x

More Related Content

More from lmark1

The capital budgeting analytical technique that calculates the rate of.docx
The capital budgeting analytical technique that calculates the rate of.docxThe capital budgeting analytical technique that calculates the rate of.docx
The capital budgeting analytical technique that calculates the rate of.docxlmark1
 
The balance sheet is the cornerstone of the financial statements- The.docx
The balance sheet is the cornerstone of the financial statements- The.docxThe balance sheet is the cornerstone of the financial statements- The.docx
The balance sheet is the cornerstone of the financial statements- The.docxlmark1
 
The capital account balances for Donald & Hanes LLP on January 1- 2011.docx
The capital account balances for Donald & Hanes LLP on January 1- 2011.docxThe capital account balances for Donald & Hanes LLP on January 1- 2011.docx
The capital account balances for Donald & Hanes LLP on January 1- 2011.docxlmark1
 
the bookkeeper of vitial inc has asked to assist him with preparation.docx
the bookkeeper of vitial inc has asked to assist him with preparation.docxthe bookkeeper of vitial inc has asked to assist him with preparation.docx
the bookkeeper of vitial inc has asked to assist him with preparation.docxlmark1
 
The balanced scorecard integrates financial and nonfinancial measures.docx
The balanced scorecard integrates financial and nonfinancial measures.docxThe balanced scorecard integrates financial and nonfinancial measures.docx
The balanced scorecard integrates financial and nonfinancial measures.docxlmark1
 
The balance sheet for the partnership of Nina- Pinta- and Santa Maria.docx
The balance sheet for the partnership of Nina- Pinta- and Santa Maria.docxThe balance sheet for the partnership of Nina- Pinta- and Santa Maria.docx
The balance sheet for the partnership of Nina- Pinta- and Santa Maria.docxlmark1
 
Palindromes A palindrome is a word or phrase that reads the same backw (1).docx
Palindromes A palindrome is a word or phrase that reads the same backw (1).docxPalindromes A palindrome is a word or phrase that reads the same backw (1).docx
Palindromes A palindrome is a word or phrase that reads the same backw (1).docxlmark1
 
Palindromes A palindrome is a word or phrase that reads the same backw (2).docx
Palindromes A palindrome is a word or phrase that reads the same backw (2).docxPalindromes A palindrome is a word or phrase that reads the same backw (2).docx
Palindromes A palindrome is a word or phrase that reads the same backw (2).docxlmark1
 
Palindromes A palindrome is a word or phrase that reads the same backw.docx
Palindromes A palindrome is a word or phrase that reads the same backw.docxPalindromes A palindrome is a word or phrase that reads the same backw.docx
Palindromes A palindrome is a word or phrase that reads the same backw.docxlmark1
 
PAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docx
PAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docxPAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docx
PAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docxlmark1
 
P5- Use the financial information below to calculate and interpret the.docx
P5- Use the financial information below to calculate and interpret the.docxP5- Use the financial information below to calculate and interpret the.docx
P5- Use the financial information below to calculate and interpret the.docxlmark1
 
Pablo own small transportation firm in Latvia- His trucks delivers goo.docx
Pablo own small transportation firm in Latvia- His trucks delivers goo.docxPablo own small transportation firm in Latvia- His trucks delivers goo.docx
Pablo own small transportation firm in Latvia- His trucks delivers goo.docxlmark1
 
Over the past weeks we have been examining the inference process- big.docx
Over the past weeks we have been examining the inference process- big.docxOver the past weeks we have been examining the inference process- big.docx
Over the past weeks we have been examining the inference process- big.docxlmark1
 
Outline the role of the operating system and identify the features of.docx
Outline the role of the operating system and identify the features of.docxOutline the role of the operating system and identify the features of.docx
Outline the role of the operating system and identify the features of.docxlmark1
 
Outline the key issues involved in Open Systems Theory including the f.docx
Outline the key issues involved in Open Systems Theory including the f.docxOutline the key issues involved in Open Systems Theory including the f.docx
Outline the key issues involved in Open Systems Theory including the f.docxlmark1
 
Out of the following- which are non separately stated for Neely Inc--.docx
Out of the following- which are non separately stated for Neely Inc--.docxOut of the following- which are non separately stated for Neely Inc--.docx
Out of the following- which are non separately stated for Neely Inc--.docxlmark1
 
ou shoot a beam of electrons through a double slit to make an interfer.docx
ou shoot a beam of electrons through a double slit to make an interfer.docxou shoot a beam of electrons through a double slit to make an interfer.docx
ou shoot a beam of electrons through a double slit to make an interfer.docxlmark1
 
OS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docx
OS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docxOS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docx
OS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docxlmark1
 
Organizational Structure Evaluate the decision-making process and its.docx
Organizational Structure Evaluate the decision-making process and its.docxOrganizational Structure Evaluate the decision-making process and its.docx
Organizational Structure Evaluate the decision-making process and its.docxlmark1
 
Organizations tend to become less formalized as they age and grow larg.docx
Organizations tend to become less formalized as they age and grow larg.docxOrganizations tend to become less formalized as they age and grow larg.docx
Organizations tend to become less formalized as they age and grow larg.docxlmark1
 

More from lmark1 (20)

The capital budgeting analytical technique that calculates the rate of.docx
The capital budgeting analytical technique that calculates the rate of.docxThe capital budgeting analytical technique that calculates the rate of.docx
The capital budgeting analytical technique that calculates the rate of.docx
 
The balance sheet is the cornerstone of the financial statements- The.docx
The balance sheet is the cornerstone of the financial statements- The.docxThe balance sheet is the cornerstone of the financial statements- The.docx
The balance sheet is the cornerstone of the financial statements- The.docx
 
The capital account balances for Donald & Hanes LLP on January 1- 2011.docx
The capital account balances for Donald & Hanes LLP on January 1- 2011.docxThe capital account balances for Donald & Hanes LLP on January 1- 2011.docx
The capital account balances for Donald & Hanes LLP on January 1- 2011.docx
 
the bookkeeper of vitial inc has asked to assist him with preparation.docx
the bookkeeper of vitial inc has asked to assist him with preparation.docxthe bookkeeper of vitial inc has asked to assist him with preparation.docx
the bookkeeper of vitial inc has asked to assist him with preparation.docx
 
The balanced scorecard integrates financial and nonfinancial measures.docx
The balanced scorecard integrates financial and nonfinancial measures.docxThe balanced scorecard integrates financial and nonfinancial measures.docx
The balanced scorecard integrates financial and nonfinancial measures.docx
 
The balance sheet for the partnership of Nina- Pinta- and Santa Maria.docx
The balance sheet for the partnership of Nina- Pinta- and Santa Maria.docxThe balance sheet for the partnership of Nina- Pinta- and Santa Maria.docx
The balance sheet for the partnership of Nina- Pinta- and Santa Maria.docx
 
Palindromes A palindrome is a word or phrase that reads the same backw (1).docx
Palindromes A palindrome is a word or phrase that reads the same backw (1).docxPalindromes A palindrome is a word or phrase that reads the same backw (1).docx
Palindromes A palindrome is a word or phrase that reads the same backw (1).docx
 
Palindromes A palindrome is a word or phrase that reads the same backw (2).docx
Palindromes A palindrome is a word or phrase that reads the same backw (2).docxPalindromes A palindrome is a word or phrase that reads the same backw (2).docx
Palindromes A palindrome is a word or phrase that reads the same backw (2).docx
 
Palindromes A palindrome is a word or phrase that reads the same backw.docx
Palindromes A palindrome is a word or phrase that reads the same backw.docxPalindromes A palindrome is a word or phrase that reads the same backw.docx
Palindromes A palindrome is a word or phrase that reads the same backw.docx
 
PAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docx
PAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docxPAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docx
PAD601 Comment in detail on the events of each date 1880- 1881- 1883-.docx
 
P5- Use the financial information below to calculate and interpret the.docx
P5- Use the financial information below to calculate and interpret the.docxP5- Use the financial information below to calculate and interpret the.docx
P5- Use the financial information below to calculate and interpret the.docx
 
Pablo own small transportation firm in Latvia- His trucks delivers goo.docx
Pablo own small transportation firm in Latvia- His trucks delivers goo.docxPablo own small transportation firm in Latvia- His trucks delivers goo.docx
Pablo own small transportation firm in Latvia- His trucks delivers goo.docx
 
Over the past weeks we have been examining the inference process- big.docx
Over the past weeks we have been examining the inference process- big.docxOver the past weeks we have been examining the inference process- big.docx
Over the past weeks we have been examining the inference process- big.docx
 
Outline the role of the operating system and identify the features of.docx
Outline the role of the operating system and identify the features of.docxOutline the role of the operating system and identify the features of.docx
Outline the role of the operating system and identify the features of.docx
 
Outline the key issues involved in Open Systems Theory including the f.docx
Outline the key issues involved in Open Systems Theory including the f.docxOutline the key issues involved in Open Systems Theory including the f.docx
Outline the key issues involved in Open Systems Theory including the f.docx
 
Out of the following- which are non separately stated for Neely Inc--.docx
Out of the following- which are non separately stated for Neely Inc--.docxOut of the following- which are non separately stated for Neely Inc--.docx
Out of the following- which are non separately stated for Neely Inc--.docx
 
ou shoot a beam of electrons through a double slit to make an interfer.docx
ou shoot a beam of electrons through a double slit to make an interfer.docxou shoot a beam of electrons through a double slit to make an interfer.docx
ou shoot a beam of electrons through a double slit to make an interfer.docx
 
OS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docx
OS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docxOS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docx
OS (a) - 5 Points - What is an inode- (b) - 5 Points - How does a soft.docx
 
Organizational Structure Evaluate the decision-making process and its.docx
Organizational Structure Evaluate the decision-making process and its.docxOrganizational Structure Evaluate the decision-making process and its.docx
Organizational Structure Evaluate the decision-making process and its.docx
 
Organizations tend to become less formalized as they age and grow larg.docx
Organizations tend to become less formalized as they age and grow larg.docxOrganizations tend to become less formalized as they age and grow larg.docx
Organizations tend to become less formalized as they age and grow larg.docx
 

Recently uploaded

ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxiammrhaywood
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfSumit Tiwari
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxOH TEIK BIN
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxJiesonDelaCerna
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for BeginnersSabitha Banu
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentInMediaRes1
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,Virag Sontakke
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfadityarao40181
 
Capitol Tech U Doctoral Presentation - April 2024.pptx
Capitol Tech U Doctoral Presentation - April 2024.pptxCapitol Tech U Doctoral Presentation - April 2024.pptx
Capitol Tech U Doctoral Presentation - April 2024.pptxCapitolTechU
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...jaredbarbolino94
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaVirag Sontakke
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17Celine George
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Celine George
 

Recently uploaded (20)

ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini  Delhi NCR9953330565 Low Rate Call Girls In Rohini  Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptx
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptx
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for Beginners
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media Component
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
 
ESSENTIAL of (CS/IT/IS) class 06 (database)
ESSENTIAL of (CS/IT/IS) class 06 (database)ESSENTIAL of (CS/IT/IS) class 06 (database)
ESSENTIAL of (CS/IT/IS) class 06 (database)
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdf
 
Capitol Tech U Doctoral Presentation - April 2024.pptx
Capitol Tech U Doctoral Presentation - April 2024.pptxCapitol Tech U Doctoral Presentation - April 2024.pptx
Capitol Tech U Doctoral Presentation - April 2024.pptx
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of India
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
 

The December 31- 2012- balance sheet for Thomas Company showed total s.docx

  • 1. The December 31, 2012, balance sheet for Thomas Company showed total stockholders Solution .. Given:- Change in Total stockholder Let the Net Income be "x" STOCKHOLDER"S EQUITY STATEMENT Particulars Amount($) Opening Balance in Stockholder's Equity (as on Jan-1,2013) 73000 (+)Issue of Common Stock (assuming it to be at PAR Value) 10700 (+)Profit for the year x (-)Cash Dividend paid to Stockholder's -9500 Closing Balance in Stockholder's Equity (as on Dec-31,2013) 74200 + x