Problem 11-2A The stockholders’ equity accounts of Bridgeport Corp. on January 1, 2017, were as follows Preferred stock (7%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($4 stated value, 305,000 shares authorized) 1,016,666 Paid-in Capital in Excess of Par Value-Preferred Stock 12,900 paid in Capital in Excess of Stated Value-Common Stock 488,000 Retained Earnings 699,500 Treasury Stock (4,300 common shares) 34,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders’ Feb. 1 Issued 5,470 shares of common stock for $38,290 Mar, 20 Purchased 1,000 additional shares of common treasury stock at $8 per share. oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1 Dec. Declared a $0.75 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 21 Determined that net income for the year was $280,500. Paid the dividend declared on December 1.
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more