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Category > Business & Finance Posted 17 Jun 2017 My Price 11.00

Changes in stockholders’ equity Listed are

Changes in stockholders’ equity Listed are the equity sections of balance sheets for years 2002 and 2003 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders’ equity has risen from $2,000,000 to $7,500,000. Use the statements to discover how and why this happened.

Mountain Air Ski Resorts, Inc.
Balance Sheets (partial)

Stockholders’ Equity

2002

2003

Common stock ($1.00 par)

 

 

Authorized—5,000,000 shares

 

 

Outstanding—1,500,000 shares 2003

 

$1,500,000

— 500,000 shares 2002

$ 500,000

  

Paid-in capital in excess of par

500,000

4,500,000

Retained earnings

1,000,000

1,500,000

Total stockholders’ equity

$2,000,000

$7,500,000

 

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Status NEW Posted 17 Jun 2017 12:06 PM My Price 11.00

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