Jacobi company balance sheet was the following shareholders

Assignment Help Accounting Basics
Reference no: EM131014659

Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:

1277_p_16-15-1_q.png

The company engaged in the following stock transactions during 2013:

2033_p_16-15-2_q.png

2. Prepare the December 31, 2013, shareholders' equity section (assume that 2013 net income was $270,000).

Preferred Stock (6%, $100 par)       xxxxxx
Additional paid in capital on preffered stock     xxxxx
Common Stock ($2.50 par)       xxxxxx
Additional paid in capital on common stock xxxxx
Additional paid in capital on treasury stock    xxxxx
Additional paid in capital from stock divident     xxxxx
Total contributed capital xxxxx
Retained earnings xxxxxx

Accumulated other comprehensive income (loss):               

Unrealized decrease in value of available for sale securities xxxxx
Total contributed capital, retained earnings, and accumulated other comprehensive income xxxxx
Less Treasury stock xxxxx
Total shareholder's equity xxxxx                                                 

Reference no: EM131014659

Questions Cloud

Necessarily cause a companys roe to increase : Which of the following will necessarily cause a company’s ROE to increase?
What is the expected level of sales for next year : Fort Smith Drywall expects sales next year to be $600,000 if the economy is strong, $500,000 if the economy is steady, and $300,000 if the economy is weak. The owner believes the probability of a strong economy is 20%, the probability of a steady eco..
Data calculate the after-tax cash flow : Given the following data calculate the after-tax cash flow. Sales $389,000, cost of goods sold $200,000, taxes $108,000, interest $45,000, operating expenses $67,000, depreciation $50,000, net income $39,000.
Dividends are expected to grow-hat is current share price : Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 11 percent, and the company just paid a di..
Jacobi company balance sheet was the following shareholders : Total contributed capital, retained earnings, and accumulated other comprehensive income xxxxx
Write a function that models the total population : Write a function that models the total population for the years shown in the bar graph - Does the result in part (b) overestimate or underestimate the actual total population in 2005 shown by the bar graph? By how much?
Write a function to compute the average amount of food eaten : Write a function to compute the average amount of food eaten per day by the whole family of monkeys; write a function to compute the least amount of food eaten by any monkey.
Business in a culture that was opposite : 1. If you were planning to do business in a culture that was opposite from your own on the cultural dimensions of "power distance" and "individualism/ collectivism," what challenges would you expect to face? How would you prepare?
Information about business ethics : Imagine that someone from another culture asked you to provide information about business ethics when dealing with American managers. What would you say?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Comparative analysis

Comparative analysis - should include discussion of whether the share price measures line up with your other assessments Please include copies of the financial statements (attached as a file, if possible in .pdf format) or, alternatively, provide ref..

  Assume that on jan 1 2013 sosa enterprises paid 3000000 for

assume that on jan 1 2013 sosa enterprises paid 3000000 for its investment in 36000 shares of orioles co. further

  Unethical practices and behavior in accounting

Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?

  Explain how much did this salesperson earn for each month

A sale person is paid a retainer of $150 per week plus commission of 3.5% on all sales. During a particular month, sales of $155,000 were made, how much did this salesperson earn for each month

  On march 31 2013 the herzog company purchased a factory

on march 31 2013 the herzog company purchased a factory complete with machinery and equipment. the allocation of the

  Fields laboratories holds a valuable patent on a

fields laboratories holds a valuable patent on a precipitator that prevents certain types of air pollution. fields does

  Explain the difference in the accounting treatment

Explain the difference in the accounting treatment of the cost of developed technology and the cost of in-process R&D in an acquisition.

  Superior medical systems 2005 balance sheet showed total

superior medical systems 2005 balance sheet showed total common equity of 2050000. the company had 100000 shares of

  Calculate the maximum depreciation expense

During August of the prior year Julio purchased an apartment building that he used as a rental property. The basis was $1,400,000. Calculate the maximum depreciation expense during the current year?

  Company purchasing supplies

O'Connor Company purchased supplies totaling $21,600. By year end, $9,300 of supplies were still on hand. How much supplies expense should O'Connor recognize?

  Find out the total net income if all products are sold at

stahl inc. produces three separate products from a common process costing 100000. each of the products can be sold at

  The town of liberty approved the construction of a special

the town of liberty approved the construction of a special oven to cook the worlds largest apple pie to be financed by

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd