Homework Answers
Accounting equation
Assets = Liabilities+Stockholder's equity
Assets includes all current and non Current assets like cash, account receivable, equipment, building etc
Liabilities includes all current and non current liabilities like account payable, Note s payable etc
But stockholder's equity includes retained earnings, Paid in capital in excess of par value,Common Stock and preferred stock and treasury stock
So All elements are given in question is reported under stockholder's equity except account receivable
So answer is a) Account receivable
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QUESTION 6 Not yet a The statement of stockholders' equity includes each of the following except:...
Backspace Reporting Stockholders' Equity Using the following accounts and balances, prepare the stockholders' Equity section of...
Backspace Reporting Stockholders' Equity Using the following accounts and balances, prepare the stockholders' Equity section of the balance sheet using Method of Exhibit B. 50,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $80 par $2,800,000 Paid-In Capital from Sale of Treasury Stock 84,000 Paid-In Capital in Excess of Par-Common Stock 735,000 Retained Earnings 1,596,000 Treasury Stock 44,000 ab Lock Stockholders' Equity Paid-In Capital: Common Stock, $80 Par V Excess over par V Paid-in capital,...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibe 8. 100.000 shares of cammon stock authori2ed, and 1,000 shares have been reacquired Common Steck, $70 par $4,900,000 Paid-In Capital from Sale of Treasury Stock 98,000 Paid-In Capital in Excess of Par-Conmon Stock 630,000 Retained Eamings 2,646,000 Treasury Stock 67,000 Stockholders' Equity Paid-In Capita Common Stock, $70 Par 4900,000 Total Pad-in Captal Retained Earnings Total Treasury Stock...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 60,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $80 par $3,360,000 Paid-In Capital from Sale of Treasury Stock 202,000 Paid-In Capital in Excess of Par—Common Stock 1,176,000 Retained Earnings 1,613,000 Treasury Stock 113,000 Stockholders' Equity Paid-In Capital: $ Paid-in capital, common stock $ Total Paid-in Capital $ Total $ Total Stockholders' Equity $
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 40,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $70 par $1,960,000 Paid-In Capital from Sale of Treasury Stock 118,000 Paid-In Capital in Excess of Par—Common Stock 504,000 Retained Earnings 1,078,000 Treasury Stock 53,000 Stockholders' Equity Paid-In Capital: $ $ Total Paid-in Capital $ Total $ Total Stockholders' Equity $
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 100,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $40 par $2,800,000 Paid-In Capital from Sale of Treasury Stock 56,000 Paid-In Capital in Excess of Par—Common Stock 560,000 Retained Earnings 1,624,000 Treasury Stock 29,000 Stockholders' Equity Paid-In Capital: $ $ Total Paid-in Capital $ Total $ Total Stockholders' Equity $
Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. Five hundred thousand shares of comm stock are authorized, and 40,000 shares have been reacquired. Common Stock, $120 par $48,000,000 Pald-In Capital from Sale of Treasury Stock 4,500,000 Paid-In Capital in Excess of Par-Common Stock 6,400,000 Retained Earnings 63,680,000 Treasury Stock 5,200,000 Balance Sheet Stockholders' Equity Pald-in capital: Common Stock, $120 Par (500,000 Shares Authorized, 400,000 Shares Issued) 48,000,000 Excess of Issue...
Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions The following...
Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year. $3,073,800.00 Common stock, $47 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 119,000.00 3 261,600.00 Retained Earnings 19,185,100.00 5 Treasury Stock 326,800.00 Prepare the Stockholders' Equity section of the balance sheet as of June 30 using Method 1...
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using...
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 20,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $50 par $600,000 Paid-In Capital from Sale of Treasury Stock 36,000 Paid-In Capital in Excess of Par-Common Stock 216,000 Retained Earnings 282,000 Treasury Stock 16,000 Stockholders' Equity Paid-In Capital: Common Stock, $50 Par Excess over par Treasury Stock $ Total Paid-in Capital Retained Earnings Total...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January 1 follows: Common stock, $10 par value, 300,000 shares authorized, 60,000 shares 600,000 issued, 6,000 shares in treasury Additional paid-in capital In excess of par value 960,000 From treasury stock 60,000 1,020,000 Retained earnings 696,000 2,316,000 Less: Treasury stock (6,000 shares) at cost 276,000 Total Stockholdersâ€TM Equity 2,040,000 The following transactions affecting stockholdersâ€TM equity occurred during the year: Jan. 8 Issued 15,000 shares of...
Backspace Reporting Stockholders' Equity Using the following accounts and balances, prepare the stockholders' Equity section of the balance sheet using Method of Exhibit B. 50,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $80 par $2,800,000 Paid-In Capital from Sale of Treasury Stock 84,000 Paid-In Capital in Excess of Par-Common Stock 735,000 Retained Earnings 1,596,000 Treasury Stock 44,000 ab Lock Stockholders' Equity Paid-In Capital: Common Stock, $80 Par V Excess over par V Paid-in capital,...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibe 8. 100.000 shares of cammon stock authori2ed, and 1,000 shares have been reacquired Common Steck, $70 par $4,900,000 Paid-In Capital from Sale of Treasury Stock 98,000 Paid-In Capital in Excess of Par-Conmon Stock 630,000 Retained Eamings 2,646,000 Treasury Stock 67,000 Stockholders' Equity Paid-In Capita Common Stock, $70 Par 4900,000 Total Pad-in Captal Retained Earnings Total Treasury Stock...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. Five hundred thousand shares of comm stock are authorized, and 40,000 shares have been reacquired. Common Stock, $120 par $48,000,000 Pald-In Capital from Sale of Treasury Stock 4,500,000 Paid-In Capital in Excess of Par-Common Stock 6,400,000 Retained Earnings 63,680,000 Treasury Stock 5,200,000 Balance Sheet Stockholders' Equity Pald-in capital: Common Stock, $120 Par (500,000 Shares Authorized, 400,000 Shares Issued) 48,000,000 Excess of Issue...
Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year. $3,073,800.00 Common stock, $47 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 119,000.00 3 261,600.00 Retained Earnings 19,185,100.00 5 Treasury Stock 326,800.00 Prepare the Stockholders' Equity section of the balance sheet as of June 30 using Method 1...
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 20,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $50 par $600,000 Paid-In Capital from Sale of Treasury Stock 36,000 Paid-In Capital in Excess of Par-Common Stock 216,000 Retained Earnings 282,000 Treasury Stock 16,000 Stockholders' Equity Paid-In Capital: Common Stock, $50 Par Excess over par Treasury Stock $ Total Paid-in Capital Retained Earnings Total...
Stockholders' Equity: Transactions and Statement The stockholders' equity section of Night Corporation's balance sheet at January 1 follows: Common stock, $10 par value, 300,000 shares authorized, 60,000 shares 600,000 issued, 6,000 shares in treasury Additional paid-in capital In excess of par value 960,000 From treasury stock 60,000 1,020,000 Retained earnings 696,000 2,316,000 Less: Treasury stock (6,000 shares) at cost 276,000 Total Stockholdersâ€TM Equity 2,040,000 The following transactions affecting stockholdersâ€TM equity occurred during the year: Jan. 8 Issued 15,000 shares of...
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