Please help with the one I got wrong, I don't understand what
the correct answer should be
Please help with the one I got wrong, I don't understand what the correct answer should...
Gioia Company acquired some of the 65,000 shares of outstanding common stock (no par) of Tristezza Corporation during the current year as a long-term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the current year: Jan. 10 Purchased 17,875 shares of Tristezza common stock at $11 per share. Dec. 31 a. Received the current year financial statements of Tristezza Corporation that reported net income of $80,000. b. Tristezza Corporation declared a cash...
Required information The following information applies to the questions displayed below.) Gioia Company acquired some of the 74,000 shares of outstanding common stock (no par) of Tristezza Corporation during the current year as a long-term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the current year: Jan. 10 Dec. 31 Purchased 19,875 shares of Tristean common stock at $10 per hare. Received the current year financial statements of Tristezza Corporation that reported...
PLEASE ANSWER IMMEDIATELY!! I ONLY HAVE 1 HOUR
T1a8 destI Retained Earnings: Transactions and Statement The stockholders' equity accounts of Rayburn Corporation as of January 1 appear below Common stock, $7 par value, 400,000 shares authorized; 1,260,000 920,000 513,000 180,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings During the year, the following transactions occurred: Declared a 10 percent stock dividend; market value of the common stock was $13 per share. June 28 Issued the...
I tried every number, and could not find
the correct answer for Sep. 9!
Please help!!
Return question 9 record declared a $1.50 per bare cash dividend payable on February 28 to the February 9 stockholders of Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Common stack-$25 par value, 70,000 shares authorized, 50,000 shares issued and outstanding $1,250,000 1.12 Paid-in capital in excess of par value, common stock 100,000 points Retained earnings 410,000 Total stockholders'...
PLease help. I don't
understand how to do this. don't know what i am doing.
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Debit Credit Accounts $44,400 47,900 9,200 81,000 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings $ 10,700 16,300 17,000 97,000 41,500 $182,500 $182,500 Totals During January 2021, the following transactions occur: 2 Issue an additional 2,100 shares of...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
Asked this previously and the numbers were
wrong.
Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 70,000 shares authorized, 43,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,075,000 86,000 385,000 $1,546,000 During the year, the following transactions affected its stockholders' equity accounts. 7 D Jan. . Jan. 2 Purchased 4,300 shares of its own stock at $25 cash per share....
Retained Earnings: Transactions and
Statement
The stockholders’ equity of Ranger Corporation at January 1
appears below:
Common stock, $10 par value, 200,000 shares authorized;
80,000 shares issued and outstanding
$800,000
Paid-in capital in excess of par value
480,000
Retained earnings
305,000
During the year, the following transactions occurred:
May
12
Declared a 15 percent stock dividend; market value of the
common stock was $22 per share.
June
6
Issued the stock dividend declared on May 12.
Dec.
5
Declared a...
dont know if that bottom part is right those are just the
accounts i got
TIUDICII ILUZA Iral LLEVCI SUDITISSIUM The stockholders' equity accounts of Concord Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 7,000 shares authorized) Common Stock ($4 stated value, 420,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (7,000 common shares) $420,000 1,400,000 21,000 672,000 963,200 56,000...
This is all 1 question. I could really use the help. Thank
you.
Question 12 View Policies Current Attempt in Progress The stockholders' equity accounts of Culver Corporation on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,850 shares authorized) $291,000 Common Stock ($3 stated value, 316,000 shares authorized) 790,000 Paid-in Capital in Excess of Par Value-Preferred Stock 14,550 Paid-in Capital in Excess of Stated Value-Common Stock 505,600 Retained Earnings 694,500 Treasury Stock (4.850 common shares)...