Business, 17.04.2020 01:53 DragonWarrior203
Prepare the December 31, 2012, stockholders' equity section of the balance sheet assuming that the company reports net income of $72,500 for the year. Use a negative sign with your answer for treasury stock. Stockholders' Equity Paid-in capital 8% Preferred stock, $22 par value, 50,000 shares authorized, 5,000 shares issued and outstanding Answer 110,000 Common stock, $5 par value, 350,000 shares authorized; 130,000 shares issued Answer 650,000 Answer 760,000 Additional paid-in capital Paid-in capital in excess of par value-preferred stock Answer 50,000 Paid-in capital in excess of par value-common stock Answer 670,000 Paid-in capital from treasury stock Answer 2,500 Answer 722,500 Total paid-in capital Answer 1,482,500 Retained earnings Answer 418,500 Answer 1,901,000 Less: Treasury stock (2,500 shares) at cost (use a negative sign with your answer) Answer (5,000) Total Stockholders' Equity Answer 0
Answers: 2
Business, 21.06.2019 21:40
Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .
Answers: 1
Business, 22.06.2019 10:20
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 21:40
Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.
Answers: 3
Business, 23.06.2019 14:00
Who would be most critical of these statements about free trade agreements?
Answers: 1
Prepare the December 31, 2012, stockholders' equity section of the balance sheet assuming that the c...
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