Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Donroy Corporation was authorized to issue unlimited preferred shares, $0.30, no-par value, and unlimited common shares, no-par value. During the first year, the following transactions occurred:80,000 common shares were sold for cash at $12 per share.Share issue costs of $18,200 were paid; this amount was treated as a reduction to retained earnings.4,000 preferred shares were sold for cash at $25 per share.8,000 common shares were reacquired and retired for $12.50 per share.Cash dividends of $10,000 were declared and paid. Indicate the split between common and preferred dividends.5,000 common shares and 500 preferred shares were given as payment for a small manufacturing facility that the company needed. This facility originally cost $90,000 and had a depreciated value on the books of the selling company of $45,000. The fair value of the facility was estimated to be $80,000.
Required:
Give journal entries to record the above transactions. State and justify any assumptions you made. Prepare the shareholders' equity section of the SFP at year-end. Net earnings and comprehensive income was $216,400.
1. discuss the pros and cons of fixed exchange rate systems and flexible exchange rate systems.2 low-income nations
Analysis of the revised project using the alternative discount rates and a conclusion as to whether or not the project should be undertaken.
valuing the call featurenbspnbsp consider the prices of the following three treasury issues as of february.the bond in
Pistachio, Corporation is planning of building a bakery to introduce French cookies, to the Newark area. A beginning marketing study, which cost dollar 75,000 & which was finished last year,
Prepare the journal entry to distribute available cash on January 1, 2011. Include a safe payments schedule as proper explanation of who should receive cash.
What can the stakeholders learn from specific situation and what have you learned from this case that you can apply immediately in your own career or life experience?
Conduct research on Martha Stewart Omnimedia, focusing on the period when it was most successful. What type of leadership patterns can you discern that would describe the earlier success of Martha Stewart Omnimedia?
The common stock for Grapevine Plumbing Corporation currently sells for 40 dollar per share. If a new issue is sold, flotation cost is estimated to be 7 dollar per share. Determine the cost of internal equity capital & external equity capital.
Calculate the unit cost and the cost of ending inventory under variable costing. What is the contribution margin per unit?
Calculate the PV of Mr. Decos payment using the equivalent real cash flow and real discount rate
Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar o..
Discuss the arguments supporting and opposing globalization of trade and investment.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd