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Banner publications was organized early in 2012 with authorization to issue 10,000 shares of $100 par value preferred stock and 1 million shares of $1 par value common stock. all of the preferred stock was issued at par, and 400,000 shares of common stock were sold for $15 per share. the preferred stock pays a 10 percent cumulative dividend. during the first five years of operations (2010 through 2014) the corporation earned a total of $4,100,000 and paid dividends of $.80 per share each year on the common stock. in 2015, however, the corporation reported a net loss of $1,250,000 and paid no dividends. prepare the stockholder’s equity section of balance sheet at december 31, 2012.
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Business, 22.06.2019 19:50
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Business, 22.06.2019 22:50
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