Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of $136. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be a.852,500 b.68,200 c.341,000 d.272,800
Q: 42. A machine cost P 2750000 and has a residual value at 7% of its cost, it is expected to have a us...
A: Depreciation is the allocation of cost of asset over the useful life of the asset. There are several...
Q: A man invests his savings in two accounts, one paying 6 percent and the other paying 10 percent simp...
A: The question is based on the concept of Financial Management.
Q: Carla Vista Company is a retailer operating in the province of Ontario, where HST is 13%. Carla Vist...
A: Introduction: The goods and services tax (GST) is a value-added tax applied on the majority of produ...
Q: ension data for Sam Adams Inc. include the following for the current calendar year: Discount rate, 1...
A: In this question, we have to calculate pension expenses.
Q: Assume a company has a $350 credit (not cash) sale. How would the transaction appear if thebusiness ...
A: Accrual accounting is a method of accounting wherein the revenue and expenses are recorded at the ti...
Q: 3. Attach a complete solution. Oraw the cash flow diagram. A manufacturing plant installed a new boi...
A: Capitalized cost On the cash balance of a company, a capitalised cost is a cost that is added to t...
Q: If current assets are $100,000 and current liabilities are $42,000, what is the working capital?A. 2...
A: Working capital is the amount of capital or money needed for day to day operations of the business. ...
Q: Explain the possible IFRS treatment of bank loans
A: Solution International financial reporting Standards (IFRS) are a set of accounting rules for the fi...
Q: The accounting equation is expressed as ________.A. Assets + Liabilities = Owner’s EquityB. Assets –...
A: Accounting equation is one of the important concept used in accounting. Three elements of accounting...
Q: What is the number of shares outstanding?
A: Answer - c.44,000
Q: ransactions for 2021 were as follows: An new elevator system costing P800,000 was installed o...
A:
Q: A construction company agreed to lease payments of $427.14 on construction equipment to be made at t...
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the exac...
Q: Statement of Financial Position Zooey Corporation December 31, 2020 Cash P4,500 Accounts Payable P10...
A:
Q: A depreciation schedule for semitrucks owned by Ichiro Manufacturing was requested by your auditor s...
A: Balance of Trucks account, Jan. 1, 2020Truck No. 1 purchased Jan. 1, 2017, cost .......................
Q: how to reduce outstanding receivable amount? give 6 ways to on how it can be reduced.
A: To reduce the outstanding receivable amount is state the payment terms clearly on invoices Businesse...
Q: Helsinki Inc. produces premium bottled water. Helsinki purchases artesian water, stores the water in...
A: In process industry we come across calculation for closing work in proc...
Q: a partnership and agreed to maintar Bi, Ni, average investment of P 100,000, P 50,000 and P 50 respe...
A:
Q: The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts ...
A: The question is based on the concept of Financial Accounting.
Q: Explain the limitation of ratio in a business
A: Accounting ratios are an essential component of financial statement analysis. A ratio is a mathemati...
Q: Direct Materials Beginning balance $5,000 Ending balance 16,000 Purchases 55,000 Direct materials us...
A: Formula: Direct materials used = Beginning balance of Direct materials + Purchases - Ending balances...
Q: Homework x ezto.mheducation.com/ext/map/index.html?_con3Dcon&external_browser%3D0&launchUrl%=https%2...
A: Terms 1/10 n/30 means Moloney meat distributors will give 1% discount if Fronks Franke’s will make p...
Q: REQUIRED: choose the letter What is the interest expense for 2020? a. 200,000 b. 115,200 c. 106,7...
A: As the lease was capitalized in the books, hence an interest expense and depreciation expense will b...
Q: 9...last part You have completed the field work in connection with your audit of Carla Corporation ...
A: Supplemental disclosures of cash flow information are prepared as a footnote to the Cash Flow Statem...
Q: A musical group plans to sell T-shirts bearing their logo at an upcoming concert. They find a suppli...
A: Formula: Logo charges = ( Number of T shirts ordered x Per T shirt charge ) + Set up charge
Q: acius Corporationis conducting a TDABC study in its Customer Service Department. The company has pro...
A: Cost of employee per week (39780*11)/50 = 8751.6 Practical capacity of total employees = 2400*11*85%...
Q: On September 1, a piece of office equipment was sold for P2M. The office equipment had an original c...
A: Gain on sale of office equipment is the excess amount received by way of sale over the carrying amou...
Q: Isla Esme, Inc., sells tea products to various customers. In recent years, profits have been declini...
A: Total cost is determined astThe sum total of all the amount spent on the production of any product.
Q: Which of the following accounts is considered a permanent or real account?A. Interest RevenueB. Prep...
A: Financial Statements: Financial statements are an assortment of outline-level reports about an assoc...
Q: Rain INC. granted 5,000 share appreciation rights (SARs) to employees for service on January 1, 2008...
A: Expense to be recorded:- (Fair value of SAR × No. of SARs expected to vest) - Expense already record...
Q: On January 1 of its first month of business, Bags Bunny, Inc., paid $74,000 for six months rent begi...
A: Formula: Monthly rent = Total Rent paid / 6 months.
Q: A process costing system is most likely used by which of the following?A. airplane manufacturingB. a...
A: Cost accounting is one of the important branch used in accounting area. The main purpose of cost acc...
Q: The company uses the perpetual inventory method and started the month of November with 500 units of ...
A: Under perpetual system moving average method, cost of units calculated in same manner as for weighte...
Q: I'll upvote if complete and correct. Thank you
A: Trial Balance: A trial balance is an accounting worksheet where the balance of all records is ordere...
Q: The company uses the perpetual inventory method. It began the month of March with 100 units of inven...
A: Calculation of weighted average cost per unit : Date Particulars Calculation Per Unit Cost ...
Q: Required: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the man...
A: Solution:- 1)Computation of the throughput time as follows under:- Throughput Time = Process time + ...
Q: Cash balance per bank $4,040.20 Add: NSF check 450.00 Less: Bank service charge 32.00 Adjusted balan...
A: A bank reconciliation statement is prepared at a particular time period in every organization. This ...
Q: 3.4 Vir and Housen are partners sharing profits in the ratio of 3:2. As per their agreement, each pa...
A: Partnership is one of the agreement or arrangement between two or more than two persons, under which...
Q: [The following information applies to the questions displayed below.] In 2021, Laureen is currently ...
A: American Opportunity Credit = 0 Lifetime learning credits = 0
Q: Mrs. Agustin is wholesale trader; following transactions are record in Accounting Equation? 1. Comme...
A: Accounting equation is one of the important concept used in accounting. There are three elements of ...
Q: The Whizbang Company makes a special type of toy. Each top takes 6 ounces of a special material that...
A: The sum of all variances represents overall over- or under-performance for a certain reporting peri...
Q: American Importers reports net income of $50,000 and sales revenue of S625,000. If the company's gro...
A: Cost of Goods Sold - Cost of Goods Sold is the cost incurred by the company for the sale. It include...
Q: Exercise 9-5 (Algo) Calculate earned revenues LO 1 Big Blue University has a fiscal year that ends o...
A: Lets understand the basics. As per accrual concept, revenue should be recorded in the period in whic...
Q: X Ltd. has annual sales of 10,000 units at $300 per unit. The annual fixed costs amount to $300,000....
A: Existing Proposed Total cost other than bad debts 2,300,000 2,400,000 2,960,000 Collection pe...
Q: xercise Igo) alculate earned revenues g Blue University has a fiscal year that ends on June 30. The ...
A: The money created by a company's business is known as revenue. Revenue can be estimated in a variety...
Q: Required: Determine the following measures for 20V2, rounding to one decimal place, except for dolla...
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: 50. Determine the depreciation charged during the 5th year using sum of the year digit method of a m...
A: Under the SYD method, the depreciation rate percentage for each year is calculated as the number of ...
Q: REQUIRED a) Prepare the Statement of Profit Loss and Comprehensive Income for the year ended 31* Aug...
A: Statement of financial position is in the specified tabular format in which the company's assets and...
Q: John Rider wants to accumulate $90,000 to be used for his daughter's college education. He would lik...
A: Answer 1) Calculation of single amount to be invested on December 31, 2021 Single amount to be inves...
Q: in a study of govemment financial aid for college students, it becomes necessary to estimate the per...
A: calculation of sample size needed are as follows
Q: In 2020, Frost Company, which began operations in 2018, decided to change from LIFO to FIFO because ...
A: Inventory Analysis: Inventory analysis is one of the parts of operation research which bargains in c...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Alert Companys shareholders equity prior to any of the following events is as follows: The company is considering the following alternative items: 1. An 8% stock dividend on the common stock when it is selling for 30 per share. 2. A 30% stock dividend on the common stock when it is selling for 32 per share. 3. A special stock dividend to common shareholders consisting of 1 share of preferred stock for every 100 shares of common stock. The preferred stock and common stock are selling for 123 and 31 per share, respectively. 4. A 2-for-1 stock split on the common stock, reducing the par value to 5 per share (assume the same date for declaration and issuance). The market price is 30 per share on the common stock. 5. A property dividend to common shareholders consisting of 100 bonds issued by West Company. These bonds are carried on the Alert Company books as an available-for sale investment at a fair value of 48,000 (which is also its cost); it has a current value of 54,000. 6. A cash dividend, consisting of a normal dividend and a liquidating dividend, on both the preferred and the common stock. The 10% preferred dividend includes a 2% liquidating dividend, and the 2.30 per share common dividend includes a 0.30 per share liquidating dividend (separate liquidating dividend contra accounts should be used). Required: For each of the preceding alternative items: 1. Record (a) the journal entry at the date of declaration and (b) the journal entry at the date of issuance. 2. Compute the balances in the shareholders equity accounts immediately after the issuance (any gains or losses are to be reflected in the retained earnings balance; ignore income taxes).Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the company has the following transaction: Mar. 1, issued 500,000 shares of stock at $15.75 per share for cash to investors. Journalize this transaction.Outstanding Stock Lars Corporation shows the following information in the stockholders equity section of its balance sheet: The par value of common stock is S5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock. Required: What is the number of shares outstanding? Use the following information for Exercises 10-58 and 10-59: Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, S20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.
- A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to cashEffective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys common stock and an increase in authorized common shares from 100,000 shares (par value 20 per share) to 200,000 shares (par value 10 per share). Baltimores shareholders equity items immediately before issuance of the stock split shares were as follows: What should be the balances in Baltimores Additional Paid-in Capital and Retained Earnings accounts immediately after the stock split is effected?Nevada Corporation has 65,772 shares of $23 par stock outstanding that has a current market value of $266 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be Oa. 13,154 Ob. 328,860 O c. 756,378 Od. 65,772 A
- Nevada Corporation has 67,450 shares of $22 par stock outstanding that has a current market value of $189 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be O a. 13,490 Ob. 67,450 Oc. 337,250 Od. 741,950Nevada corporation has 52,128 shares of $21 par stock outstanding that has a current market value of $207 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be a.260,640 b.10,426 c.547,344 d.52,128A corporation has 52,241 shares of $23 par stock outstanding that has a current market value of $304 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a. $1,216.00 O b. $76.00 O c. $5.75 Od. $281.00
- Nevada corporation has 49,801 shares of $28 par stock outstanding that has a current market value of $138 per share. If the corporation issues a 5-for- 1 stock split, the number of shares outstanding will be Oa. 49,801 Ob. 249,005 Oc. 697,214 Od. 9,960A corporation has 48,602 shares of $21 par stock outstanding that has a current market value of $372 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately Oa. $93.00 Ob. $5.25 Oc. $1,488.00 Od. $351.00A corporation has 71,868 shares of $36 par stock outstanding that has a current market value of $312 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a.$17,967 b.$9 c.$78 d.$276