P19-11Comparative Statements of Shareholders' Equity for Locke Intertechno

P19-11Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2009, 2010, and 2011. Given Data P19-11: LOCK INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended December 31, 2009, 2010, and 2011 ($ in millions)         Preferred Stock, $10 par   Common Stock, $1 par   Additional Paid-in Capital     Retained Earnings Total Share- holders' Equity Balance at Jan. 1, 2009        55               495             1,878  2,428 Sale of preferred shares                 10                 470                 480 Sale of common shares, 7/1                      9                 81                   90 Cash dividend, preferred                               (1)  (1) Cash dividend, common        (16)  (16) Net income                     290               290 Balance at Dec. 31, 2009  10  64  1,046 2,151  3,271             Retirement of common shares, 4/1                    (4)                (36)                (20)                (60) Cash dividend, preferred       (1)  (1) Cash dividend, common         (20)  (20) 3-for-2 split, 8/12       30     (30)    – Net income

The post P19-11Comparative Statements of Shareholders' Equity for Locke Intertechno appeared first on PAPER WRITE.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"