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problem1: Matterhorn Company's charter allows it to sell 250,000 shares of $2 / value common stock. To date, the company has sold 100,000 shares for a total of $600,000. Matterhorn has reacquired 4,000 shares from shareholders at a value of $8 / share. Retained earnings equal $250,000.

[A] find out total amount of contributed capital should Matterhorn report?

[B] find out amount for the Common Stock account?

[C] find out the average selling price of each share of common stock?

[D] Find how many shares of stock are outstanding?

[E] find out the amount for stockholders' equity?

problem2: On July 9, Board of Directors at Inoculators, Company, met and voted a cash dividend of $0.75 / share on common stock and the annual $4 / share cash dividend on preferred. Persons owning the shares as of July 24 are to earn the dividends which will be paid on August 12. In this set of facts:

August 12 is date of _______.

July 24 is date of ___________.

 

July 9 is date of _______.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922463

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