Reference no: EM131756646
Problem - See the data below for Alyssa Corporation as of 12/31/08:
Treasury stock, common (at cost) $4,000,000
Additonal paid-in capital, common 9,000,000
Dividends payable 100,000
Retained income 12,000,000
Additional paid-in capital, preferred 2,000,000
Common stock, $2.50 par value, 1.8 million shares authorized, 1.2 million shares issued of which 60,000 are held in the treasury 3,000,000 6% cumulative preferred stock, $40 par value callable at $42, authorized 100,000 shares, issued and outstanding 100,000 shares 4,000,000.
Prepare the stockholders' equity section of the balance sheeet as of 12/31/08.
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