Which of the following make up shareholders' equity of a corporation? (Select all that apply.) retained...
Which of the following make up shareholders' equity of a corporation? (Select all that apply.)
retained earnings
long-term liabilities
paid-in capital
property and equipment
current assets
Homework Answers
Shareholders Equity of a corporation is calculated as under:
Shareholder Equity = Paid in capital + Retained earnings
Hence, option first and third are correct.
Long term liabilities are a part of total liabilities and property $ equipment and current assets are parts of total assets of a corporation.
Shareholders equity refers to the amounts present in the balance sheet of a corporation which belong to shareholders. It comprises of the sums invested by shareholders and the retained earnings available at a particular date.
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Which of the following make up shareholders' equity of a
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The following balance sheet information (in $ millions) comes
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Compute the missing amounts (rounded to the nearest $ in...
On January 1, 2020, Crane Corporation had the following
stockholders’ equity accounts.
Common Stock (no par value, 91,000 shares issued and
outstanding)
$1,385,000
Retained Earnings
546,000
During the year, the following transactions occurred.
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Declared a $1 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
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$505,600
Retained Earnings
291,700
Prepare entries in journal form to record the following
transactions, which took place during 2021. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually. If no entry is required, select "No Entry"
for the account titles and enter 0 for the
amounts.)
(1)
290 shares of outstanding stock were purchased at...
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Common Stock ($100 par value, authorized 7,600 shares)
$459,100
Retained Earnings
266,700
Prepare entries in journal form to record the following
transactions, which took place during 2021. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually. If no entry is required, select "No Entry"
for the account titles and enter 0 for the
amounts.)
(1)
290 shares of outstanding stock were...
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journal form to record the following transactions, which took place
during 2018. (Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required,
select "No Entry" for the account titles and enter 0 for the
amounts.) (1) 300 shares of outstanding stock were purchased at...
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