User Account

All Pages

Construct a statement of stockholders equity for the year

Assignment Help Accounting Basics
Reference no: EM132597221

Question - The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.

COMMON STOCK

Jan. 1 Balance 1,700,000

Apr. 14 Issued

15,000 shares 750,000

Dec. 31 Balance 2,450,000

PAID-IN CAPITAL IN EXCESS OF PAR

Jan. 1 Balance 272,000

Apr. 14 Issued

15,000 shares 180,000

Dec. 31 Balance 452,000

TREASURY STOCK

Aug. 7 Purchased

2,500 shares 120,000

RETAINED EARNINGS

Mar. 31 Dividend 44,000 Jan. 1 Balance 2,960,000

June. 30 Dividend 44,000 Dec. 31 Closing

Sept. 30 Dividend 44,000 (Net income) 444,000

Dec. 31 Dividend 44,000 Dec. 31 Balance 3,228,000

Construct a statement of stockholders' equity for the year ended December 31, 20Y9.

Reference no: EM132597221

Questions Cloud

Name a organizations benefitting the most from covid-19 : Name a organizations benefitting the most from Covid-19. How and why they are benefitting from Covid-19.
Find how much cash was paid to suppliers : Beginning accounts payable was $61,500 and ending accounts payable was $72,000. How much cash was paid to suppliers during? 2020?
Prepare journal entry summarize sale of extended warranty : Prepare journal entries that summarize sales of the extended warranties and any aspects of the warranty that should be recorded during the year.
New retail atmosphere and covid 19 : How did good to great companies think outside the box and look to technology differently than others?
Construct a statement of stockholders equity for the year : The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, Construct a statement of stockholders equity for the year
Churches constitute violation of the establishment clause : Outline the arguments, regarding the issue of whether tax exemptions for churches constitute a violation of the Establishment Clause.
Prepare one journal entry to summarize accounts written off : How Explain the difference between making an allowance for bad debts, and writing off a bad debt. Explain how each case is treated and shown in accounting.
Majority and minority opinions in boy scouts : Compare and contrast the majority and minority opinions in Boy Scouts of America v. Dale (2000).
Considered beyond the protection of the constitution : What is hate speech? Should it be considered beyond the protection of the constitution?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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