Whispering Winds Corporation has been authorized to issue 20,000 shares of $100 par value,
10%, preferred stock and 1,066,800 shares of no-par common stock. The corporation assigned a
$2.80 stated value to the common stock. At December 31 , 2022 , the ledger contained the
following balances pertaining to stockholders' equity. The preferred stock was issued for land
having a fair value of $144,000. All common stock issued was for cash. In November, 1,680
shares of common stock were purchased for the treasury at a per share cost of $13. In December,
560 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022 .
Prepare the stockholders' equity section at December 31, 2022. (Enter the account name only and
do not provide the descriptive information provided in the question.)
Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital from Treasury Stock Total
Additional Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less :
Treasury Stock Total Stockholders' Equity.
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
Whispering Winds Corporation has been authorized to issue 20,000 sh.pdf
1. Whispering Winds Corporation has been authorized to issue 20,000 shares of $100 par value,
10%, preferred stock and 1,066,800 shares of no-par common stock. The corporation assigned a
$2.80 stated value to the common stock. At December 31 , 2022 , the ledger contained the
following balances pertaining to stockholders' equity. The preferred stock was issued for land
having a fair value of $144,000. All common stock issued was for cash. In November, 1,680
shares of common stock were purchased for the treasury at a per share cost of $13. In December,
560 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022 .
Prepare the stockholders' equity section at December 31, 2022. (Enter the account name only and
do not provide the descriptive information provided in the question.)
Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital from Treasury Stock Total
Additional Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less :
Treasury Stock Total Stockholders' Equity
