Problem 11-1A Stockholders\' equity transactions and analysis LO C2, P1
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of
transactions. The following journal entries impacted its stockholders’ equity during its first year
of operations.
Number of outstanding shares - _________
What is the amount of minimum legal capital (based on par value) at year-end?
Total paid-in capital- ______________
What is the book value per share of the common stock at year-end if total paid-in capital plus
retained earnings equals $797,000?
BOOK VALUE PER COMMON SHARE
Choose numerator Choose denominator = Book value per
common share
_____________ / _________________ =
_________________________
_____________ / __________________ =
_________________________
References
eBook & Resources
WorksheetDifficulty: Hard
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of
transactions. The following journal entries impacted its stockholders’ equity during its first year
of operations.
Solution.
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Problem 11-1A Stockholders equity transactions and analysis LO C2,.pdf
1. Problem 11-1A Stockholders' equity transactions and analysis LO C2, P1
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of
transactions. The following journal entries impacted its stockholders’ equity during its first year
of operations.
Number of outstanding shares - _________
What is the amount of minimum legal capital (based on par value) at year-end?
Total paid-in capital- ______________
What is the book value per share of the common stock at year-end if total paid-in capital plus
retained earnings equals $797,000?
BOOK VALUE PER COMMON SHARE
Choose numerator Choose denominator = Book value per
common share
_____________ / _________________ =
_________________________
_____________ / __________________ =
_________________________
References
eBook & Resources
WorksheetDifficulty: Hard
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of
transactions. The following journal entries impacted its stockholders’ equity during its first year
of operations.
Solution
