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Homework Answers
The correct answer is a) $ 190000
Explanation
Contributed capital amount
= 5000 common stock issued for cash $ 18 + 5000 common stock for patents
= $90000 + $100000
= $ 190000
Thus the contributed capital amount = $ 190000
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Need help in solving this problem. Can you please show me a step
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Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place...
Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2020, the first year of the corporation’s existence: Sold 5,000 ordinary shares for P18 per share. Issued 5,000 ordinary shares in exchange for an equipment valued at P100,000. At the end of the Berry’s first year, total contributed capital amounted to?
Can someone please help explain how to solve this problem and find the numbers. Thank you....
Can someone please help explain how to solve this problem and
find the numbers. Thank you.
E11-3 Preparing the Stockholders' Equity Section of the Balance Sheet [LO 11-2, LO 11-4] 25 pints North Wind Aviation received its charter during January authorizing the following capital stock: Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following transactions occurred during the first year of operations in the order given: a. Issued a total of...
I need help with the Explanation and Solution for the whole question Please and Thank you....
I need help with the Explanation and Solution for the whole
question Please and Thank you.
Connect Homework - Chapter 11 Saved Help Save & Exit Submit Exercise 11-5 Stock issuance for noncash assets LO P1 Sudoku Company issues 29,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $227,000 and the building at $360,000. Prepare the journal entry to record issuance of the stock in exchange for the land...
Problem 11-3A (Part Level Submission) The stockholders’ equity accounts of Cullumber Company on January 1, 2019,...
Problem 11-3A (Part Level Submission) The stockholders’ equity accounts of Cullumber Company on January 1, 2019, were as follows. Preferred Stock (8%, $48 par, cumulative, 10,000 shares authorized) $ 360,000 Common Stock ($1 stated value, 1,900,000 shares authorized) 1,000,000 Paid-in Capital in Excess of Par—Preferred Stock 100,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,400,000 Retained Earnings 1,750,000 Treasury Stock (10,000 common shares) 40,000 During 2019, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb....
Please be accurate with the answers & kindly, show me the step by step solution. Palindrome...
Please be accurate with the answers & kindly, show me the
step by step solution.
Palindrome Corp has prepared the following comparative balance sheet statements for 2015 and 2016: Cash Accounts Receivable Inventory Prepaid Expenses Plant Assets Accumulated Depreciation Patent 2016 569,000 427,000 272,000 55,000 2,830,000 (960,000) 103,000 3,296,000 2015 245,000 316,000 297,000 64,000 2,508,000 (852,000) 122,000 2,700,000 Accounts Payable Accrued Liabilities Loan Payable Preferred Stock Additional Paid-in Capital - Preferred Common Stock Retained Earnings 248,000 102,000 100,000 358,000 112,000...
hiiii, can someone please help me with accounting ??? Required information E11-2 Reporting Stockholders' Equity and Det...
hiiii, can someone please help me with accounting ???
Required information E11-2 Reporting Stockholders' Equity and Determining Dividend Policy [LO 11-2, LO 11-3] [The following information applies to the questions displayed below.] Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed: a. Issued 6,000 shares of common stock for cash at $20 per share. b. Issued 2,000 shares of common stock for...
Please I need help with this assignment. I posted it once before but didn't get the...
Please I need help with this
assignment.
I posted it once before but didn't get the whole answers.
Thanks.
4 5 Problem Murray Corporation started operations in 2018. It only has one class of stock - common stock with a $5 par value. It's authorized to issue 50,000 shares of stock. Below are the following transactions in 2018 and 2019 that affected its stockholder's equity accounts. 2018 Jan. 2 Issued 30,000 shares of common stock (par $5) for $190,000. Mar....
Can you please show me in T-account format this solution? It would help my understanding out...
Can you please show me
in T-account format this solution? It would help my understanding
out so much. I have a final exam next week. My teacher already left
you a brief solution.
Coy, Inc. initially issued 200,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20,000 shares for $200,000. In X 2018, 10,000 of the repurchased shares were resold for $160,000. In its balance sheet dated December 31, 2018, Coy, Inc.'s treasury stock...
hi. could you please help me solve this problem for practice. step by step solving will...
hi. could you please help me solve this problem for
practice. step by step solving will be appreciated.
thanks
4. Find the labor cost to produce 40 cellphones if the time needed to pro- duce the first cellphone is 120 hours and the learning rate is 90%. Assume the labor rate is $11/hour. 5- A famous burger restaurant would like to determin te for their employees. By conducting time studies, they determined that time required for the first sandwich is...
can you help me with a balance sheet and statement of owners equity 34 Extra Homework...
can you help me with a balance sheet and statement of owners
equity
34 Extra Homework income, Balaree, From the following information for 2020 for Logan, Inc. prepare Financial Statements. Assume a December 31-year end. $200,000 Accounts Payable 80,000 46,000 19,000 300,000 108,000 Accounts Receivable Accumulated Depreciation Advertising Expense Building Cash 300,000 500,000 140,000 5,000 118,000 28,000 Common Stock Cost of Goods Sold Equipment Interest Expense Inventory Depreciation Expense Notes Payable, Long-Term 10,000 50,000 Patent EPS Rent Expense Retained Earnings...
Can someone please help explain how to solve this problem and
find the numbers. Thank you.
E11-3 Preparing the Stockholders' Equity Section of the Balance Sheet [LO 11-2, LO 11-4] 25 pints North Wind Aviation received its charter during January authorizing the following capital stock: Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following transactions occurred during the first year of operations in the order given: a. Issued a total of...
I need help with the Explanation and Solution for the whole
question Please and Thank you.
Connect Homework - Chapter 11 Saved Help Save & Exit Submit Exercise 11-5 Stock issuance for noncash assets LO P1 Sudoku Company issues 29,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $227,000 and the building at $360,000. Prepare the journal entry to record issuance of the stock in exchange for the land...
Please be accurate with the answers & kindly, show me the
step by step solution.
Palindrome Corp has prepared the following comparative balance sheet statements for 2015 and 2016: Cash Accounts Receivable Inventory Prepaid Expenses Plant Assets Accumulated Depreciation Patent 2016 569,000 427,000 272,000 55,000 2,830,000 (960,000) 103,000 3,296,000 2015 245,000 316,000 297,000 64,000 2,508,000 (852,000) 122,000 2,700,000 Accounts Payable Accrued Liabilities Loan Payable Preferred Stock Additional Paid-in Capital - Preferred Common Stock Retained Earnings 248,000 102,000 100,000 358,000 112,000...
hiiii, can someone please help me with accounting ???
Required information E11-2 Reporting Stockholders' Equity and Determining Dividend Policy [LO 11-2, LO 11-3] [The following information applies to the questions displayed below.] Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed: a. Issued 6,000 shares of common stock for cash at $20 per share. b. Issued 2,000 shares of common stock for...
Please I need help with this
assignment.
I posted it once before but didn't get the whole answers.
Thanks.
4 5 Problem Murray Corporation started operations in 2018. It only has one class of stock - common stock with a $5 par value. It's authorized to issue 50,000 shares of stock. Below are the following transactions in 2018 and 2019 that affected its stockholder's equity accounts. 2018 Jan. 2 Issued 30,000 shares of common stock (par $5) for $190,000. Mar....
Can you please show me
in T-account format this solution? It would help my understanding
out so much. I have a final exam next week. My teacher already left
you a brief solution.
Coy, Inc. initially issued 200,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20,000 shares for $200,000. In X 2018, 10,000 of the repurchased shares were resold for $160,000. In its balance sheet dated December 31, 2018, Coy, Inc.'s treasury stock...
hi. could you please help me solve this problem for
practice. step by step solving will be appreciated.
thanks
4. Find the labor cost to produce 40 cellphones if the time needed to pro- duce the first cellphone is 120 hours and the learning rate is 90%. Assume the labor rate is $11/hour. 5- A famous burger restaurant would like to determin te for their employees. By conducting time studies, they determined that time required for the first sandwich is...
can you help me with a balance sheet and statement of owners
equity
34 Extra Homework income, Balaree, From the following information for 2020 for Logan, Inc. prepare Financial Statements. Assume a December 31-year end. $200,000 Accounts Payable 80,000 46,000 19,000 300,000 108,000 Accounts Receivable Accumulated Depreciation Advertising Expense Building Cash 300,000 500,000 140,000 5,000 118,000 28,000 Common Stock Cost of Goods Sold Equipment Interest Expense Inventory Depreciation Expense Notes Payable, Long-Term 10,000 50,000 Patent EPS Rent Expense Retained Earnings...
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