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P3 14

The document shows Davidson Corporation's statement of stockholders' equity for the year ending December 31, 2012 including common stock, retained earnings and totals. It also provides additional financial information about retained earnings, cash and equivalents, and current liabilities.

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Nam Nguyen
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28 views1 page

P3 14

The document shows Davidson Corporation's statement of stockholders' equity for the year ending December 31, 2012 including common stock, retained earnings and totals. It also provides additional financial information about retained earnings, cash and equivalents, and current liabilities.

Uploaded by

Nam Nguyen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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P3-14

a)
Davidson Corporation
Statement of Stockholders' Equity
31-Dec-12
Common Stock Retained earnings Total
Shares Amount
Beginning balance, Jan-1-12 100,000,000 260,000,000 1,374,000,000 1,634,000,000
Net income 372,000,000
Cash dividends 146,000,000
Addition to RE 226,000,000
Ending balance, Dec-31-12 100,000,000 260,000,000 1,600,000,000 1,860,000,000

b) The amount of money has been reinvested in the firm over the years is the ending amount
of retained earnings, $1,600,000,000.

c) At the present time, the largest amount of check can be written is $15,000,000 which is
cash and equivalents account.

d) The amount of money must be paid to creditors within next year is the total amount of
current liabilities, $620,000,000.

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