Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem Find missing amounts, net income, issue price & dividends; interpret stock dividend & split Bacon, Inc., has the following owners' equity section in its May 31, 2009, comparative balance sheets:

 

31-May-09

30-Apr-09

Paid-In capital:

 

 

Preferred stock, $120 par value, 8%, cumulative, 100,000 shares authorized 80,000 shares issued and outstanding.................

 

 

 

$9,600,000

$9,600,000

Common stock, $6 par value, 600,000 shares authorized, 400,000 and 380,000 shares issued, respectively...................................

 

 

 

 

 

?

2,280,000

 

Additional paid-in capital..............................................................

16,800,000

16,480,000

Retained earnings ........................................................................................

13,900,000

13,624,000

Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively ...................................................................................................

 

 

-1,660,000

-1,632,000

 

Total stockholders' equity ...........................................................................

mce_markernbsp;         ?  

$40,352,000

find out the average cost per share of the common stock purchased for the treasury during the month?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M919703

Have any Question? 


Related Questions in Basic Finance

Based on the corporate valuation model abc corps value of

Based on the corporate valuation model, ABC Corp's value of operations is $1,600 million. Its balance sheet shows $625 million of current assets which includes $125 million of short-term investments that are unrelated to ...

Borachera is a major spanish wine wholesaler currently

Borachera is a major Spanish wine wholesaler currently operating two CDCs in Salamanca and Albacete, and a number of RDCs all over the Iberian peninsula. In order to reduce its overall logistics cost, the company wishes ...

Nme at least three ways to reduce the possibility of scc

Name at least three ways to reduce the possibility of SCC? Which is better, a relatively small anode or a large one and why? Is coating a fastener always helpful in fighting corrosion resistance, even if there are minor ...

Household budgetshould be in apa writing style1 create a

Household Budget Should be in APA writing style. 1. Create a simple household budget, including all income and expenses. There are various templates available online to help you do this. Find one that you feel comfortabl ...

1 which of the gaps in figure 3- 1 do you think represents

1. Which of the gaps in Figure 3- 1 do you think represents the major problem for most firms? How can a company attempt to eliminate the knowledge gap? The communications gap? 2. Compare and contrast the customer service ...

1 generate three examples of nominal variables and three

1. Generate three examples of nominal variables and three examples of quantitative variables that were not mentioned in the chapter. 2. On a piece of paper make two columns. In one column list all of the advantages of fr ...

You have to make a balloon payment on your house five years

You have to make a balloon payment on your house five years from now of $15,000. If money can earn an average of 6 percent a year for the five-year period, what factor will you use to determine what to deposit now?

1 how do commercial banks obtain their funds what is

1. How do commercial banks obtain their funds? What is financial restructuring advising? The following is an excerpt from the 2009 Annual Report of Bank of America (p. 24): Through our banking and various nonbanking subs ...

The unemployment rate in a city is 12 if 9 people from the

The unemployment rate in a city is 12%. If 9 people from the city are sampled at random, find the probability that fewer than 2 of them are unemployed. Carry your intermediate computations to at least four decimal places ...

1 how do reward systems serve as barriers to enterprise

1. How do reward systems serve as barriers to enterprise integration? 2. In your words, describe and illustrate the great divide. Do you believe the great divide phenomenon is as widely experienced as the text indicates? ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen