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Problem 13°UI On January 5, 2020, Ayayai Corporation received a charter granting the right to issue...
Exercise 15-18 Larkspur Company reported the following amounts in the stockholders' equity section of its December...
Exercise 15-18 Larkspur Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. ASSIGNMENT RESOURCES Ch 15 HW 20/02 Practice Brief Exercise 15--05 Problem 15-01 Exercise 15-18 Accounting Analysis and Principles Problem 15-06 Comparative Analysis Case Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (107,000 shares authorized, 21,400 shares issued) 107,000 Additional paid-in capital 127,000 Retained earnings 491,000 Total $925,000 During 2020, Larkspur took part...
Problem 15-01 On January 5, 2020, Skysong Corporation received a charter granting the right to issue...
Problem 15-01 On January 5, 2020, Skysong Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 49,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 19,300 shares of common stock at $16 per share. Issued to Sanchez Corp. 3,600 shares of preferred stock for the following assets: equipment with a...
Problem 15-01 On January 5, 2020, Splish Corporation received a charter granting the right to issue...
Problem 15-01 On January 5, 2020, Splish Corporation received a charter granting the right to issue 4,800 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 46,600 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 19,200 shares of common stock at $14 per share. Feb. 1 Issued to Sanchez Corp. 4,100 shares of preferred stock for the following assets: equipment with a fair value of $54,700; a factory building with...
On January 5, 2020, Sweet Corporation received a charter granting the right to issue 4,600 shares...
On January 5, 2020, Sweet Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 45,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 20,900 shares of common stock at $16 per share. Feb. 1 Issued to Sanchez Corp. 3,700 shares of preferred stock for the following assets: equipment with a fair value of $49,900; a factory building with a fair...
On January 5, 2020, Pronghorn Corporation received a charter granting the right to issue 5,100 shares...
On January 5, 2020, Pronghorn Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 51,600 shares of $10 par value common stock. It then completed these transactions. Issued 19,500 shares of common stock at $15 per share. Issued to Sanchez Corp. 4,100 shares of preferred stock for the following assets: equipment with a fair value of $53,300; a factory building with a fair value of $152,000; and...
On January 5, 2020, Shamrock Corporation received a charter granting the right to issue 5,500 shares...
On January 5, 2020, Shamrock Corporation received a charter granting the right to issue 5,500 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 48,400 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 21,900 shares of common stock at $16 per share. Issued to Sanchez Corp. 3,900 shares of preferred stock for the following assets: equipment with a fair value...
On January 5, 2017, Marigold Corporation received a charter granting the right to issue 5,200 shares...
On January 5, 2017, Marigold Corporation received a charter
granting the right to issue 5,200 shares of $100 par value, 8%
cumulative and nonparticipating preferred stock, and 47,700 shares
of $10 par value common stock. It then completed these
transactions.
Jan. 11
Issued 21,200 shares of common stock at $16 per share.
Feb. 1
Issued to Sanchez Corp. 4,200 shares of preferred stock for the
following assets: equipment with a fair value of $54,900; a factory
building with a fair...
On January 5, 2017, Sheridan Corporation received a charter granting the right to issue 5,500 shares...
On January 5, 2017, Sheridan Corporation received a charter granting the right to issue 5,500 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 48,400 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 21,900 shares of common stock at $ 16 per share. Issued to Sanchez Corp. 3,900 shares of preferred stock for the following assets: equipment with a fair...
On January 5, 2020, Whispering Corporation received a charter granting the right to issue 5,300 shares...
On January 5, 2020, Whispering Corporation received a charter
granting the right to issue 5,300 shares of $100 par value, 8%
cumulative and nonparticipating preferred stock, and 46,700 shares
of $10 par value common stock. It then completed these
transactions.
Jan. 11
Issued 20,000 shares of common stock at $17 per share.
Feb. 1
Issued to Sanchez Corp. 4,400 shares of preferred stock for the
following assets: equipment with a fair value of $47,300; a factory
building with a fair...
Problem 15-1 (Part Level Submission) On January 5, 2017, Blue Corporation received a charter granting the...
Problem 15-1 (Part Level Submission) On January 5, 2017, Blue Corporation received a charter granting the right to issue 5,400 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 46,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 19,700 shares of common stock at $16 per share. Feb. 1 Issued to Sanchez Corp. 3,800 shares of preferred stock for the following assets: equipment with a fair value of $46,000; a...
Exercise 15-18 Larkspur Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. ASSIGNMENT RESOURCES Ch 15 HW 20/02 Practice Brief Exercise 15--05 Problem 15-01 Exercise 15-18 Accounting Analysis and Principles Problem 15-06 Comparative Analysis Case Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (107,000 shares authorized, 21,400 shares issued) 107,000 Additional paid-in capital 127,000 Retained earnings 491,000 Total $925,000 During 2020, Larkspur took part...
Problem 15-01 On January 5, 2020, Skysong Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 49,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 19,300 shares of common stock at $16 per share. Issued to Sanchez Corp. 3,600 shares of preferred stock for the following assets: equipment with a...
On January 5, 2020, Sweet Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 45,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 20,900 shares of common stock at $16 per share. Feb. 1 Issued to Sanchez Corp. 3,700 shares of preferred stock for the following assets: equipment with a fair value of $49,900; a factory building with a fair...
On January 5, 2020, Pronghorn Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 51,600 shares of $10 par value common stock. It then completed these transactions. Issued 19,500 shares of common stock at $15 per share. Issued to Sanchez Corp. 4,100 shares of preferred stock for the following assets: equipment with a fair value of $53,300; a factory building with a fair value of $152,000; and...
On January 5, 2020, Shamrock Corporation received a charter granting the right to issue 5,500 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 48,400 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 21,900 shares of common stock at $16 per share. Issued to Sanchez Corp. 3,900 shares of preferred stock for the following assets: equipment with a fair value...
On January 5, 2017, Marigold Corporation received a charter
granting the right to issue 5,200 shares of $100 par value, 8%
cumulative and nonparticipating preferred stock, and 47,700 shares
of $10 par value common stock. It then completed these
transactions.
Jan. 11
Issued 21,200 shares of common stock at $16 per share.
Feb. 1
Issued to Sanchez Corp. 4,200 shares of preferred stock for the
following assets: equipment with a fair value of $54,900; a factory
building with a fair...
On January 5, 2017, Sheridan Corporation received a charter granting the right to issue 5,500 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 48,400 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 21,900 shares of common stock at $ 16 per share. Issued to Sanchez Corp. 3,900 shares of preferred stock for the following assets: equipment with a fair...
On January 5, 2020, Whispering Corporation received a charter
granting the right to issue 5,300 shares of $100 par value, 8%
cumulative and nonparticipating preferred stock, and 46,700 shares
of $10 par value common stock. It then completed these
transactions.
Jan. 11
Issued 20,000 shares of common stock at $17 per share.
Feb. 1
Issued to Sanchez Corp. 4,400 shares of preferred stock for the
following assets: equipment with a fair value of $47,300; a factory
building with a fair...
Problem 15-1 (Part Level Submission) On January 5, 2017, Blue Corporation received a charter granting the right to issue 5,400 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 46,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 19,700 shares of common stock at $16 per share. Feb. 1 Issued to Sanchez Corp. 3,800 shares of preferred stock for the following assets: equipment with a fair value of $46,000; a...
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