The stockholders’ equity section on the December 31 balance sheet of Hadley Corporation reported the following amounts: Preferred Stock (par $50; authorized 10,000 shares, ?
The stockholders’ equity section on the December 31 balance sheet
of Hadley Corporation reported the following amounts:
Preferred Stock (par $50; authorized 10,000 shares, ? issued
322,700
Additional Paid-in Capital, Preferred
18,962
Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,300 shares)
58,784
Retained Earnings
160,732
Treasury Stock, 1,000 Preferred shares at cost
50,355
What is the total stockholders’ equity for Hadley Corporation? What is the paid in capital for Hadley corporation?
I tried summing all the categories for total stockholder equity and I used just the paid in capital for pic and both were wrong. Please explain
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