Jackson Cos end-of-year stockholders equity report reads as follows: Common stock with no par, $2...
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Jackson Cos end-of-year stockholders equity report reads as follows:
Common stock with no par, $2 stated value, 10,000 shares originally issued for $15 per share.
Preferred stock, $20 par, 3,000 shares originally issued for $30 per share.
What should the company report for Common Stock, Preferred Stock, and Additional Paid-in Capital?
| Common Stock | Preferred Stock | Additional PIC |
|---|---|---|
| 150,000 | 60,000 | 30,000 |
| 150,000 | 90,000 | 0 |
| 20,000 | 60,000 | 160,000 |
| 20,000 | 60,000 | 130,000 |
Question 5 options:
| 150,000 60,000 30,000 | |
| 20,000 90,000 130,000 | |
| 20,000 60,000 160,000 | |
| 150,000 90,000 0 |
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