ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 39

Dividends in arrears

none

Common stock:

Par value per share

$10

Shares issued

100,000

Dividends paid per share

Market price per share

Additional paid-in capital

$2.00

$47

$480,000

Unappropriated retained earnings (after closing)
$250,000

Retained earnings appropriated for contingencies
$280,000

Common treasury stock: