Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Problem:

The company had following balances in its stockholders' equity accounts at the month of December 31, 2004:

Common stock, $10 par, 50,000 shares authorized, 20,000 shares issued                          $200,000

Contributed capital in excess of par value, common                                                               250,000

Retained earnings                                                                                                                 500,000

Treasury stock, 1,000 shares                                                                                               -20,000

Total stockholders' equity                                                                                                   $930,000

Following occurred throughout 2005:

1) February 3 - Sold and issued 3,000 shares of the common stock for the sell price of $72 per share.

2) May 10 - Declared the $0.50 per share cash dividend on common stock.

3) October 12 - Sold 500 shares of the treasury stock for $20 per share.

4) December 31 - Net income for year is $75,000.

Required:

1) Make a statement of the stockholders' equity IN GOOD FORMAT for 2005.

2) Show your work. Please show your supporting computation and label them to designate which numbers in statement they’re supporting.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M910698

Have any Question? 


Related Questions in Basic Finance

Select one construct from the following Select one construct from the following list:

Select one construct from the following list: self-esteem femininity/masculinity creativity hunger motivation fear Briefly describe how it might be measured using: a. an operational definition based on selfreport (for ex ...

If the calculated value of f is found to be significant for

If the calculated value of F is found to be significant for the main effect of an independent variable with more than two levels, what tests does the researcher then conduct? Why are such tests not necessary if the indep ...

A thin film 10 mm thick coat of fresh paint has just been

A thin film, 1.0 mm thick, coat of fresh paint has just been sprayed over a 1.5 m by 1.5 m square steel body part, which approximates a flat surface. The paint contains benzene as the solvent. The paint surface exerts a ...

Firm x has a proposed project that will generate sales of

Firm X has a proposed project that will generate sales of 2,750 units at a selling price of $36 each. The fixed costs are $18,000 and the variable costs per unit are $21. The project requires $36,000 of fixed assets that ...

1 what are some of the potential problems with using a

1. What are some of the potential problems with using a "going-in" capitalization rate that is obtained from previous property sales transactions to value a property being offered for sale today? 2. When may a "terminal" ...

Assume you will receive 2000 a year in years 1 through 5

Assume you will receive $2,000 a year in years 1 through 5, $3,000 a year in years 6 through 8, and $4,000 in year 9 with all cash flows to be received at the end of the year. If you require a return of 14 percent (%) an ...

Sabrinas just paid an annual dividend of 179 per share this

Sabrina's just paid an annual dividend of $1.79 per share. This dividend is expected to increase by 2.5percent annually. Currently, the firm has a beta of .87 and a stock price of $31 a share. The risk-free rate is 4.5pe ...

Use psycinfo or a similar database to locate a research

Use PsycINFO or a similar database to locate a research study using a factorial design. (Note: You can try a subject term based on an area of interest, but the most direct path to finding factorial designs is to use a se ...

1 why is it possible to consider anova as a special case of

1. Why is it possible to consider ANOVA as a special case of regression? 2. Give an example of when simultaneous, hierarchical, and stepwise multiple regression analyses might be used in research. 3. How is a log linear ...

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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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