After these transactions have been recorded what is the

Assignment Help Finance Basics
Reference no: EM13480431

Allen Corporation was organized on July 15, 2012. It was authorized to issue 150,000 shares of $25 par value common stock and 50,000 shares of 6% cumulative preferred stock. The preferred stock had a stated value of $50 per share. The following stock transactions relate to Allen Corporation.

Issued 55,000 shares of common stock for $33 per share.

Issued 2,750 shares of the class A preferred stock for $62 per share.

Issued 27,500 shares of common stock for $35 per share.

Required:

1) Indicate the effect of each of these transactions on Allen's financial statements. Include dollar amounts in the model, below. After recording the three transactions, calculate column totals.
2) After these transactions have been recorded, what is the total amount of stockholders' equity?
3) After these transactions have been recorded, how many shares of common stock are outstanding?

Reference no: EM13480431

Questions Cloud

Do you agree or disagree with the statement appearance is : do you agree or disagree with the statement appearance is everything. in your essay give examples from your experience
The following information applies to barnhart company : the following information applies to barnhart companyadditional informationnet credit sales 220000 beginning accounts
Shaun amp kayla earned the following in 2013 interest on a : 1. your brother is short on cash and cannot pay his rent this month. you pay his rent for him. is this taxable income
This paper needs to be 3-4 full length papers single spaced : this paper needs to be 3-4 full length papers single spaced 12font new times roman. this paper is writting about a home
After these transactions have been recorded what is the : allen corporation was organized on july 15 2012. it was authorized to issue 150000 shares of 25 par value common
On january 1 a company issued and sold a 394000 9 10-year : 1a company issued 8 15-year bonds with a par value of 450000. the current market rate is 8. the journal entry to record
Begin by defining and explaining the psychological disorder : one of the requirements for this class is a writing assignment related both to what you have learned in this course and
International trade agreements eliminate trade barriers : international trade agreements eliminate trade barriers between countries promote investments infuse competitiveness
Dividends totaling 5000 were declared and paid to : lander inc. had the following balance sheet at december 31 2008lander inc. balance sheet december 31

Reviews

Write a Review

Finance Basics Questions & Answers

  You are functional managers in a relatively small but

you are functional managers in a relatively small but high-growth trucking company.nbsp the company was started 10

  What is the speculative premium

The Burma Hat Company's warrant is trading for $10.20. The warrant carries the option to purchase two shares of common stock for $48. What is the speculative premium if the stock price is $51.30?

  How about geometric average rate of return

XYZ stock price and dividend history are as follows: Year Beginning-of-year Price Dividend paid at Year-End 2010 $100 $4 2011 $110 $4 2012 $90 $4 2013 $95 $4 What is the arithmetic average rate of return? How about geometric average rate of return..

  What product costs are associated with the may information

What unexpired period costs are associated with the May information?

  What are annual credit sales

A7X, Inc., has an average collection period of 33 days. Its average daily investment in receivables is $92,000.

  Amortization goal

To accumulate $8,000 by the end of 5 years by making equal annual end-of-year deposits for next five years. If earning 7 percent on the investments, how much must be deposited at the end of each year to meet the goal?

  Computation of value of bond

Computation of value of bond and Ccalculate the expected return on the stock of Mitro Corporation

  Interest rate and currency swap

Explain  one  risk World would assume by entering into the combined interest rate and currency swap and Currency Swaps, Interest rate swaps with alternative debt issues

  Determine the beta for your portfolio

You have invested in stocks J and M. From the following information, determine the beta for your portfolio.

  Should the firm undertake the healthy bottled water project

Should the firm undertake the healthy bottled water project? As part of your analysis, include a sensitivity analysis for sales price, variable costs, fixed costs, and unit sales at plus or minus 10%, 20%, and 30% from the base case.

  Tidewater home health care inc has a bond issue outstanding

tidewater home health care inc. has a bond issue outstanding with eight years remaining to maturity a coupon rate of 10

  Calculating partner share

Pearl invests $80,000 for a 10 percent partnership interest in an activity in which she is a material participant. The partnership reports losses of $500,000 in 2007 & $450,000 in 2008.

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