The stockholders’ meeting for Harris Corporation has been in progress for some time.
The chief financial offi? The stockholders’ meeting for Harris Corporation has been in progress for some time. The chief financial officer for Harris is presently reviewing the company’s financial statements and is explaining the items that comprises the stockholders’ equity section of the balance sheet for the current year. The stockholders’ equity section of Harris Corporation at December 31, 2008.
A What does the cumulative provision related to the preferred stock mean?
B I thought the common stock was presently selling at $29.75, but the company has the stock state at $1 per share. How can that be?
C Why is the company buying back its common stock? Futhermore, the treasury stock has a debit balance because it is substracted from stockholders’ equity. Why is treasury stock not report as an asset if it has a debit balance?
D Why is necessary to show additional paid-in capital? Why not just show common stock at the total amount paid in?
The chief financial offi? The stockholders’ meeting for Harris Corporation has been in progress for some time. The chief financial officer for Harris is presently reviewing the company’s financial statements and is explaining the items that comprises the stockholders’ equity section of the balance sheet for the current year. The stockholders’ equity section of Harris Corporation at December 31, 2008.
A What does the cumulative provision related to the preferred stock mean?
B I thought the common stock was presently selling at $29.75, but the company has the stock state at $1 per share. How can that be?
C Why is the company buying back its common stock? Futhermore, the treasury stock has a debit balance because it is substracted from stockholders’ equity. Why is treasury stock not report as an asset if it has a debit balance?
D Why is necessary to show additional paid-in capital? Why not just show common stock at the total amount paid in?