Homework Answers
| Common shares | 600000 |
| Stock dividends distributable | 40000 |
| Retained earnings | 190000 |
| Preferred shares | 20000 |
| Total shareholders' equity | 850000 |
| Option C $850,000 is correct |
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Testbank, Question 122 Based on the following account balances, what is the total shareholders' equity? Common...
Testbank, Question 122 Based on the following account balances, what is the total shareholders' equity? Common...
Testbank, Question 122 Based on the following account balances, what is the total shareholders' equity? Common Shares Stock Dividends Distributable Retained Earnings $600,000 40,000 190,000 20,000 30,000 Preferred Shares Dividends Payable O $620,000 O $850,000 O $820,000 O $800,000
Peg Corporation's ledger includes the following selected account balances at December 31, 2019: Amount Account Paid-in...
Peg Corporation's ledger includes the following selected account balances at December 31, 2019: Amount Account Paid-in Capital in Excess of Par Value, Common 580,000 Cash 920,000 Unearned Revenue 55,000 Premium on Bonds Payable 80,000 Retained Earnings 300,000 Cash Dividends Payable 80,000 Treasury Stock, Common, 20,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock, $1 par value, 240,000 shares issued 240,000 Assuming the Preferred Stock is "Cumulative", the...
General Corporation’s ledger includes the following account balances at December 31, 2005: ...
General Corporation’s ledger includes the following account
balances at December 31, 2005:
Common Stock, $1 par value, 100,000 shares issued
100,000
Add’l Paid-in Capital in Excess of Par Value, Common
800,000
Preferred Stock, 10%, $60 par value, 10,000 shares
issued 600,000
Add’l Paid-in Capital in Excess of Par Value, Preferred
300,000
Retained Earnings 500,000
Treasury Stock, Common, 1,000 shares
100,000
1.The balance sheet prepared at December 31, 2005, would report
total legal capital of:
2.The balance sheet prepared at December...
On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common...
On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 242,000 shares issued Paid-in capital - excess of par, common Paid-in capital - excess of par, preferred Preferred stock, $100 par, 19,000 shares outstanding Retained earnings Treasury stock, at cost, 4,200 shares 242,000 484,000 190,000 1,900,000 3,800,000 21,000 During 2018, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable Preferred Stock, 12% $100 par value, 4,000 shares issued Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued 560,000 820,000 55,000 75,000 300,000...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000 820,000 55,000 Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued...
Question 2 Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Paya...
Question 2 Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance for Doubtful Accounts 15,000 Operating Expenses 97,000...
Question 2 O out of 5.9 points Sunny Company has the following account balances after adjusting...
Question 2 O out of 5.9 points Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable Dividends Treasury Stock, Common (22,000 shares) Preferred Stock ($10 par) Land Cash Equipment Accounts Receivable Common Stock ($1 par) Sales Prepaid Rent Bonds Payable (due 2030) Premium on Bonds Payable Cost of Goods Sold Interest Expense Unearned Revenue Allowance for Doubtful Accounts Operating Expenses Accumulated Depreciation Equipment Paid-in Capital in Excess of Par Value, Common Retained Earnings...
6. The following a Following accounts and balances are from the accounting records of Bronx CC...
6. The following a Following accounts and balances are from the accounting records of Bronx CC Inc, as of December 31, 2001 Fifty thousand shares of common stock are authorized, 30,000 shares are issued and 5,000 shares have been reacquired. Thirty thousand shares of preferred stock are authorized, 5,000 shares are issued and outstanding. Paid-In Capital in Excess of Par - Common 250,000 400,000 Bonds Payable Preferred Stock, $100 par, 9% cumulative 500,000 100,000 Cash 50,000 Common Stock Dividends Distributable...
Can anyone help me with my homework problems? 1. Sunny Company has the following account balances...
Can anyone help me with my homework problems? 1. Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance...
Testbank, Question 122 Based on the following account balances, what is the total shareholders' equity? Common Shares Stock Dividends Distributable Retained Earnings $600,000 40,000 190,000 20,000 30,000 Preferred Shares Dividends Payable O $620,000 O $850,000 O $820,000 O $800,000
Peg Corporation's ledger includes the following selected account balances at December 31, 2019: Amount Account Paid-in Capital in Excess of Par Value, Common 580,000 Cash 920,000 Unearned Revenue 55,000 Premium on Bonds Payable 80,000 Retained Earnings 300,000 Cash Dividends Payable 80,000 Treasury Stock, Common, 20,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock, $1 par value, 240,000 shares issued 240,000 Assuming the Preferred Stock is "Cumulative", the...
General Corporation’s ledger includes the following account
balances at December 31, 2005:
Common Stock, $1 par value, 100,000 shares issued
100,000
Add’l Paid-in Capital in Excess of Par Value, Common
800,000
Preferred Stock, 10%, $60 par value, 10,000 shares
issued 600,000
Add’l Paid-in Capital in Excess of Par Value, Preferred
300,000
Retained Earnings 500,000
Treasury Stock, Common, 1,000 shares
100,000
1.The balance sheet prepared at December 31, 2005, would report
total legal capital of:
2.The balance sheet prepared at December...
On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 242,000 shares issued Paid-in capital - excess of par, common Paid-in capital - excess of par, preferred Preferred stock, $100 par, 19,000 shares outstanding Retained earnings Treasury stock, at cost, 4,200 shares 242,000 484,000 190,000 1,900,000 3,800,000 21,000 During 2018, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company...
Question 7 O out of 5.88 points Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable Preferred Stock, 12% $100 par value, 4,000 shares issued Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued 560,000 820,000 55,000 75,000 300,000...
Question 6 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: 560,000 820,000 55,000 Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenue Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares Accounts Payable 75,000 300,000 100,000 80,000 40,000 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% Common Stock, $1 par value, 240,000 shares issued...
Question 2 Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance for Doubtful Accounts 15,000 Operating Expenses 97,000...
Question 2 O out of 5.9 points Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable Dividends Treasury Stock, Common (22,000 shares) Preferred Stock ($10 par) Land Cash Equipment Accounts Receivable Common Stock ($1 par) Sales Prepaid Rent Bonds Payable (due 2030) Premium on Bonds Payable Cost of Goods Sold Interest Expense Unearned Revenue Allowance for Doubtful Accounts Operating Expenses Accumulated Depreciation Equipment Paid-in Capital in Excess of Par Value, Common Retained Earnings...
6. The following a Following accounts and balances are from the accounting records of Bronx CC Inc, as of December 31, 2001 Fifty thousand shares of common stock are authorized, 30,000 shares are issued and 5,000 shares have been reacquired. Thirty thousand shares of preferred stock are authorized, 5,000 shares are issued and outstanding. Paid-In Capital in Excess of Par - Common 250,000 400,000 Bonds Payable Preferred Stock, $100 par, 9% cumulative 500,000 100,000 Cash 50,000 Common Stock Dividends Distributable...
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