Question - What is the Stockholder section of Alpha classified balance sheet as of December 31, 2016?
Given below is information for the Stockholder Equity section of Alpha Balance Sheet as of December 31, 2016
8% Preferred stock, $100 par value, 10,000 shares authorized, 5,000 shares issued and outstanding.
Common stock, no par, $2 stated value, 500,000 shares authorized, 204,000 shares issued and outstanding
Additional paid-in capital:
- Preferred stock in excess of par value is $34,000
- Common stock in excess of stated value is $437,000