Homework Answers
| 2 | ||||
| Number of outstanding shares | 20400 | =(250000+126000+55000+79000)/25 | ||
| 3 | ||||
| Minimum legal capital | 510000 | =20400*25 | ||
| 4 | ||||
| Total paid-in Capital | 667000 | =510000+40000+44000+30000+43000 | ||
| 5 | ||||
| Book value per common share | ||||
| Choose Numerator | / | Choose Denominator | = | Book value per common share |
| Stockholders' Equity applicable to Common shares | / | Number of common shares outstanding | = | Book value per common share |
| 800000 | / | 20400 | = | 39.22 |
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15 Kinkaid Co. is incorporated at the beginning of this year and engages in a number...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. a. Credit General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, lue, Common Stock Debit 300,000 225,000 75,000 b. SL Organization Expenses Common Stock $25 Par Valve Paid-In Capital in Excess of Par Value, 180,000 al of Par Value, common stock 126,000 on...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. a. Debit 280, eee Cash Common stock, 525 Par value Paid-In Capital in Excess of Par value, Common Stock 250,000 30,000 b. 170,000 Organization Expenses common stock, 525 Par Value Paid In Capital in Excess of Par value, Common Stock 126,000 44,000 40,000 19,500 82,700 Cash Accounts Receivable Building...
Kinkald Co. is incorporated at the beginning of this year and engages in a number of...
Kinkald Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Credit Debit 300,000 General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 240,000 60,000 170,000 Organisation Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 128,000 42,000 45,000 16,500 81,900 Cash Accounts Receivable Building Notes...
2 Kinkaid Co. is incorporated at the beginning of this year and engages in a number...
2 Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations General Journal Debit Credit Cash a. 12.5 290,e00 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock polnts 240,eee 50,e00 b. Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock eBook 160,000 129,e00 31,e0e Print Cash...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries Impacted its stockholders' equity during its first year of operations Credit a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Debit 270,000 240, eee 30,000 b. 190,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 126,000 64,000 45,000 16, eee 82,200 Cash...
Kinkald Co. is incorporated at the beginning of this year and engages in a number of...
Kinkald Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. General Journal Debit Credit 280,000 Common Stock: 925 Par Value Paid-In Capital in Excess of Par Value, Common Stock 250.000 30,000 190,000 Organization Expenses Common stock,525 Par Value Paid-In Capital in Excess of Par Value. Common Stock 126.000 64,000 Cash Recounts Receivable building Notes Payable Common stock, 525 Par...
Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions....
Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Credit Debit 270,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 235,000 35,000 b. 160,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 31,000 43,000 17,000 82,700 Cash Accounts Receivable Building...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders’ equity during its first year of operations. General Journal Debit Credit a. Cash 280,000 Common Stock, $25 Par Value 240,000 Paid-In Capital in Excess of Par Value, Common Stock 40,000 b. Organization Expenses 180,000 Common Stock, $25 Par Value 127,000 Paid-In Capital in Excess of Par Value, Common Stock 53,000 c. Cash 44,500 Accounts Receivable 17,000...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders’ equity during its first year of operations. General Journal Debit Credit a. Cash 270,000 Common Stock, $25 Par Value 235,000 Paid-In Capital in Excess of Par Value, Common Stock 35,000 b. Organization Expenses 200,000 Common Stock, $25 Par Value 127,000 Paid-In Capital in Excess of Par Value, Common Stock 73,000 c. Cash 44,500 Accounts Receivable 15,500...
Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions....
Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following Journal entries Impacted its stockholders' equity during its first year of operations. General Journal Credit Debit 290,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 245,000 45,000 b. 190.000 Organization Expenses Coenon Steek, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 120,000 62,000 e. 43,500 15.000 82.800 Cash Mocounts Receivable Building Notes...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. a. Credit General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, lue, Common Stock Debit 300,000 225,000 75,000 b. SL Organization Expenses Common Stock $25 Par Valve Paid-In Capital in Excess of Par Value, 180,000 al of Par Value, common stock 126,000 on...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. a. Debit 280, eee Cash Common stock, 525 Par value Paid-In Capital in Excess of Par value, Common Stock 250,000 30,000 b. 170,000 Organization Expenses common stock, 525 Par Value Paid In Capital in Excess of Par value, Common Stock 126,000 44,000 40,000 19,500 82,700 Cash Accounts Receivable Building...
Kinkald Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Credit Debit 300,000 General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 240,000 60,000 170,000 Organisation Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 128,000 42,000 45,000 16,500 81,900 Cash Accounts Receivable Building Notes...
2 Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations General Journal Debit Credit Cash a. 12.5 290,e00 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock polnts 240,eee 50,e00 b. Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock eBook 160,000 129,e00 31,e0e Print Cash...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries Impacted its stockholders' equity during its first year of operations Credit a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Debit 270,000 240, eee 30,000 b. 190,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 126,000 64,000 45,000 16, eee 82,200 Cash...
Kinkald Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. General Journal Debit Credit 280,000 Common Stock: 925 Par Value Paid-In Capital in Excess of Par Value, Common Stock 250.000 30,000 190,000 Organization Expenses Common stock,525 Par Value Paid-In Capital in Excess of Par Value. Common Stock 126.000 64,000 Cash Recounts Receivable building Notes Payable Common stock, 525 Par...
Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Credit Debit 270,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 235,000 35,000 b. 160,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 31,000 43,000 17,000 82,700 Cash Accounts Receivable Building...
Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following Journal entries Impacted its stockholders' equity during its first year of operations. General Journal Credit Debit 290,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 245,000 45,000 b. 190.000 Organization Expenses Coenon Steek, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 120,000 62,000 e. 43,500 15.000 82.800 Cash Mocounts Receivable Building Notes...
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