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

The only transaction affecting additional paid in capital during the month of May was the sale of additional common stock. Determine price per share were the additional shares sold?

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M919700

Have any Question? 


Related Questions in Basic Finance

Budget variance analysisplease use budget variance

Budget Variance Analysis Please use budget variance spreadsheet that is provided for part 1. 1. Budget Variance Analysis The actual quantity of material used was 31,000 with an actual cost of $7.75 per unit. The actual l ...

An article in the wall street journal makes the following

An article in the Wall Street Journal makes the following observations: The outlook for companies: robust earnings and revenue growth. Firms in the S&P 500 are expected to report year-over-year earnings growth of about 3 ...

Gangland water guns company is expected to pay a dividend

Gangland Water Guns Company is expected to pay a dividend of $2.10 one year from today. If the firm's growth in dividends is expected to remain at a flat 3 percent forever, then what is the cost of equity capital (in per ...

Diversification- videosgo to wwwcnbccom and explore the

DIVERSIFICATION- VIDEOS Go to www.cnbc.com and explore the video tab using the key term diversification. As you learned in this unit, there are various sources of information. 1) Watch at least three videos you find, 2) ...

1 what is the difference between a debt instrument and an

1. What is the difference between a debt instrument and an equity? 2. Define and briefly explain the following terms: a. Face value b. Coupon c. Coupon rate d. Current yield e. Maturity 3. Explain in which category of de ...

Financing risk often must be addressed when an organization

Financing risk often must be addressed when an organization is least equipped to deal with it and limited in its options. The interrelationship of asset-side and liability-side risks is a critical issue for hospital lead ...

Uncertain scenario - maximizing the meanthe potential

Uncertain Scenario - Maximizing the Mean The potential revenues of all projects are in fact uncertain. The company determines that the revenue for project 1 is following a uniform distribution ranging from $1,200,000 to ...

1 what is a restricted range and what effect does it have

1. What is a restricted range, and what effect does it have on correlation coefficients? How would you detect and correct a restricted range? 2. How do we know whether a particular score is an outlier?

Theres no real difference between options and futures both

"There's no real difference between options and futures. Both are tools for controlling risk, and both are derivative products. It's just that with options you have to pay an option price, while futures require no upfron ...

As part of a hotel renovation program a company must choose

As part of a hotel renovation program, a company must choose between two grades of carpet to install. One grade costs $22 per square yard, and the other, $28. The costs of cleaning and maintaining the carpets are identic ...

  • 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