Reference no: EM131134592
On January 1, 2010, Garcia Inc. had the following shareholders' equity balances.
Common Stock, no-par value (1,000,000 shares issued) .. $3,000,000
Common Stock Dividends Distributable .......... 400,000
Retained Earnings ................. 1,200,000
During 2010, the following transactions and events occurred.
1. Issued 100,000 shares of common stock as a result of a 10% stock dividend declared on December 15, 2009.
2. Issued 60,000 shares of common stock for cash at $5 per share.
3. Corrected an error that had understated the net income for 2008 by $140,000.
4. Declared and paid a cash dividend of $300,000.
5. Earned net income of $600,000.
Instructions
Prepare the stockholders' equity section of the balance sheet at December 31, 2010.
How does this amount compare with dividends declared
: What amount did PepsiCo declare in dividends on common stock in the year endedDecember 29, 2007?
|
Is the wifi system efficient
: Suppose the town keeps track of the contributions and issues passwords to people who contributed at least $20. Would you expect the total contributions to cover the $20,000 cost? 30.
|
Phoenix boutique hotel group
: Review "Simulation Case Study: Phoenix Boutique Hotel Group" for this topic's case study, in which you provide guidance to Phoenix Boutique Hotel Group (PBHG) founder Bree Bristowe.
|
Shareholder of pharmaceutical firm
: On Ethics: As a shareholder of a pharmaceutical firm that announced its new investment to develop an Ebola vaccine and that as a result, your dividend would be reduced, would you support or not support the firms decision to spend your money to combat..
|
Corrected an error that had understated the net income
: Issued 100,000 shares of common stock as a result of a 10% stock dividend declared on December 15, 2009.
|
The distribution of times four years earlier
: According to media research, the typical American listed to 195 hours of music in the last year. This is down from 290 hours four years earlier. Dick Trythall is a big country and western music fan. He listens to music while working around the hou..
|
Draw the pedigree for this family
: A man with brown teeth mates with a woman with normal white teeth. They have four daughters, all with brown teeth, and two sons, both with white teeth. Draw the pedigree for this family, showing the inheritance of brown teeth
|
Holistic marketing orientation model
: Consider Porter's values chain and the holistic marketing orientation model what implications do they have for marketing planing ? How would you structure a marketing plan to incorporate some of their concepts
|
Environmental scanning is critical to understanding
: Environmental scanning is critical to understanding your market before you enter that market. What are some specific examples of each of the five forces? Pick some current events and connect to one of the five forces.
|