The Common Stock account for Alpha Corporation on

by | Mar 18, 2020 | Uncategorized

  

The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 Alpha issued an additional 2,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock, Paid in Capital Excess to par Common Stock was $10,000 on January 1 and $15,000 on June 2 and net income was $124,700. Use this information to determine for December 31, 2017 the amount of:

a. Total Stockholders Equity

b. Earnings per Share (rounded to the nearest penny)

  

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