Remington Arms Company, Inc., and subsidiaries consolidated balance sheet, December 31, 1922-Continued $12, 962, 894. 70 108, 826.00 Investments in subsidiary companies not consolidated---- Prepaid expenses and deferred charges. Deferred preliminary engineering and development of new products. Organization expenses Patents, trademarks, formulas, etc. Total assets. 3, 312.00 1,067, 867.65 1,552, 662.39 70, 616, 42 495, 420, 02 10, 000, 000, 00 40, 825, 147.29 First-mortgage 6% sinking-fund gold bonds, series A, due May 1, 1937. Reserves for income taxes. Deferred credits__ Minority interest in capital stock and surplus of subsidiary corporation..-. Capital stock and surplus: Preferred, authorized 100,000 shares par Common, authorized 1,000,000 shares with- $10,000,000.00 600,000 shares, stated value $30.00 each. 18, 000, 000. 00 Common reserved for em $1,605, 414. 06 2, 693, 469. 68 Remington Arms Company, Inc., and subsidiaries consolidated balance sheet, December 31, 1922-Continued 1920 1 1921. 1922. 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930 1931. 1932 1933. Remington Arms Company, Inc., and domestic subsidiaries-Continued Year 1 From May 1, 1920. As of May 1, 1920. Includes $2,250,000 stock dividends paid in common stock to second preferred stockholders on exercise of option to receive same in lieu of cash dividends. Credit to surplus of $7,961,925.00 resulting from reduction of stated value of common capital to the equivalent of $5.00 per share. Includes credit to surplus of.. Includes credit to surplus of.. (Resulting from reduction of stated value of 1,132,341 shares of common stock from $5.00 to $1.00 per share.) $4,529,364.00 2, 111, 190.00 (Resulting from sale of 1,688,952 shares common stock at $2.25 or $1.25 per share above par value of $1.00 per share.) 6,640, 554.00 All other capital adjustments represent revaluation of assets resulting from appraisals. Certificate of incorporation, filed May 24, 1920, called for 1,100,000 shares composed of 100,000 shares preferred with $100 par value per share and 1,000,000 shares of common without par value. Comman stock was set upon the book at stated value of $30.00 a share. Charter was amended September 25, 1923, authorizing stock as follows: 100,000 shares first preferred series A, par value $100.00 a share, 7% cumulative; 100,000 shares first preferred series B, par value $100.00 a share, 7% cumulative; 50,000, shares second preferred, par value $100.00 a share, 8% cumulative; 700,000 shares common without par value. For each share of the old preferred there was given in exchange share of the first preferred series A and 1⁄2 share of the second preferred. December 1924 the stated value of the common stock was reduced to $10.00 a share by charging against capital, goodwill of $10,000,000 and provision for preliminary engineering and development expenses of cash register of $2,000,000. September 25, 1931, the charter was amended, authorizing stock as follows: 100,000 shares first preferred series A, par value $100.00 a share; 100,000 shares first preferred series B, par value $100.00 a share; 1,700,000 shares common without par value. Common stock was exchanged for second preferred share for share and nine shares of common stock were offered for the accumulated dividends. Stated value of common stock was reduced from $10.00 to $5.00 a share. May 31, 1933, warrants issued to common-stock holders giving right to subscribe to additional common stock at rate of one share for each two shares held at $1.00 per share. Stated value of common stock was reduced from $5.00 to $1.00 a share. Charter was amended July 7, 1933, authorizing stock as follows: 100,000 shares first preferred series A, par value $100.00, 7% cumulative; 100,000 shares first preferred series B, par value $100.00, 7% cumulative 3,400,000 shared common, par value $1.00. Warrants were issued to common stockholders giving right to subscribe for one share of new common for each share of common held, as well as exchange share for share old common for new. Subscription price for this stock was $2.25 per share. Stock was set up on the books at $1.00. The Remington Arms Union Metallic Cartridge Company was incorporated January 17, 1916, with 0.000.000 authorized capital consisting of 400,000 shares of 7% preferred with par value of $50.00 a share d 800,000 shares of common with par value of $50.00 a share. To April 30, 1920. As of May 1st, 1920, The Remington Arms Company, Inc., was organized. [) Parentheses denote red figures. EXHIBIT No. 1327 emington Arms Co., Inc., statement of contributions and donations for years 1920 to 1933, inclusive, and first 8 months of 1934 |