# Finance Accounts basics - Comparative balance sheets

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```					              Sub: Finance                                                                       Topic: Accounts basics

Question:
Calculate missing amounts in the comparative balance sheets.

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Comprehensive problem—calculate missing amounts, issue price, net income, and dividends;
interpret stock dividend and split Bacon, Inc., has the following owners’ equity section in its
May 31, 2009, comparative balance sheets:

May 31, 2009       April 30, 2009

Paid-In capital:

Preferred stock, \$120 par value, 8%, cumulative, 100,000 shares
authorized 80,000 shares issued and outstanding.................
\$9,600,000       \$9,600,000

Common stock, \$6 par value, 600,000 shares authorized,
400,000 and 380,000 shares issued,
respectively…….............................

?            2,280,000

Retained earnings …………………………………………………………………………….                                            13,900,000       13,624,000

Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares,
respectively ………………………………………………………………………………………
(1,660,000)      (1,632,000)

Total stockholders’ equity …………………………………………………………………                                    \$       ?           \$40,352,000

Required:

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Description: Calculate missing amounts in the comparative balance sheets. - Comprehensive problem—calculate missing amounts, issue price, net income, and dividends;
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