Symba Company reports the following information for its fiscal year end of March 31, 2019:
What is the total paid-in capital for Symba Company at March 31, 2019
A. $55 million
B. $350 million
C. $835 million
D. $405 million
Common Stock, $0.01 par value per share | 55 | |
Paid-in Capital in excess of par-Common | 350 | |
Total Paid-in Capital | 405 | million |
Option D $405 million is correct |
Symba Company reports the following information for its fiscal year end of March 31, 2019:
Ayayai Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Prepare the closing entries.
Blue Spruce Company ended its fiscal year on July 31, 2019. The
company’s adjusted trial balance as of the end of its fiscal year
is shown below.
Yaya Blossom’s Inc. has a March 31, 2014 fiscal year end and a 35% income tax rate. The following information is available for its 2014 year end: 1. Performed $880,000 service revenue and paid $325,000 in salaries. Interest expense was $12,600. 2. Paid dividends in December 2013 of $14,000 that had been declared in November 2013. 3. On March 10, 2014 declared dividends of $19,000 payable April 30, 2014. 4. Recorded and remitted taxes of $140,000...
Consider a hypothetical country Econostan that uses the dollar as its currency. For the fiscal year, the Econostani government spent $125 million, and collected $140 million. At the beginning of the year, Econostan had total debt outstanding of $850 million. Econostani's total GDP for the year was $1,670 million. Use this information to answer the next several questions (81 - 84) amount. 81. For the fiscal year, we would say that the Econostani government experienced a a) balanced budget; $0...
Bramble Company ended its fiscal year on July 31, 2019. The
company’s adjusted trial balance as of the end of its fiscal year
is shown below.
1. These financial statement item are for UPS Company at fiscal year-end, October 31, 2019. Salaries and wages payable $2,980 Notes payable (long-term) $3,000 Salaries and wages expense $45,700 Cash $5,200 Utilities expense $21,100 Account Receivable %9,780 Equipment $38,000 Accumulated depreciation $6,000 Accounts payable $4,100 Owner’s Drawings $4,000 Service Revenue $57,200 Depreciation expense $4,000 Rent revenue $6,500 Owner’s capital (beginning of the year) 48,000 Instructions: Prepare a classified balance sheet at October 31,...
Bethesda Mining Company reports the following balance sheet
information for 2018 and 2019.Suppose that the Bethesda Mining Company had sales of $2,226,873
and net income of $102,381 for the year ending December 31,
2019.a. What is the profit margin?b. What is the total asset turnover?c. What is the equity multiplier?d. What is the return on equity?
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Bramble Company ended its fiscal year on July 31, 2019. The
company’s adjusted trial balance as of the end of its fiscal year
is shown below.
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Ron Co., a publicly held company, began fiscal 2019 with 45,000 shares of its $10 par value common stock issued and outstanding and $3 million of total paid-in capital. Ron is authorized to issue a maximum of 500,000 shares, and at the beginning of fiscal 2019 it issued an additional 5,000 shares at $30 each. It also paid a dividend of $1 per share just prior to year-end. The other components of Ron’s stockholders’ equity at the start of fiscal...