User Account

All Pages

Determine what amount of shareholders equity on december

Assignment Help Accounting Basics
Reference no: EM132728453

Otter Corporation was organized on January 3, 2016, with an authorized capital of 100,000 shares of $10 par ordinary shares. During 2016, Otter had the following transactions affecting shareholders' equity:

January 7--Issued 40,000 shares at $12 per share
December 2--Purchased 6,000 shares of treasury shares at $13 per share.
The cost method was used to record the treasury shares transaction. Otter's net income for 2016 is $300,000.

Problem 1: What is the amount of shareholders' equity on December 31, 2016?

Reference no: EM132728453

Questions Cloud

What normal order for the asset section of classified sheet : What normal order for the asset section of classified balance sheet is? Long-term investments, current assets, property, plant and equipment, intangible asset
Safety director for vitacom : Jack Wilson, safety director for Vitacom, Inc. is facing a dilemma. His employer is seeking registration as an ISO 14000 company.
What is the maximum CCA deduction that H can claim : At the same time H purchased a new passenger vehicle for $46,000 plus HST. What is the maximum CCA deduction that H can claim in the current year
What should megae report as total contributed capital : These subscribed shares were paid for on January 2, 2017. What should Megae report as total contributed capital on its December 31, 2016, balance sheet?
Determine what amount of shareholders equity on december : Otter Corporation was organized on January 3, 2016, Determine What is the amount of shareholders' equity on December 31, 2016?
How many units has Hooper Corporation budgeted to produce : Budgeted sales for the first six months the year for Hooper Corporation - How many units has Hooper Corporation budgeted to produce in the first quarter
Healthy people 2020 global health initiatives : Review Healthy People 2020 Global Health Initiatives. Choose one disease process and discuss the disease process,
Discuss what six sigma is : Discuss what Six Sigma is and if every organization should use Six Sigma. Why or why not?
What is the compensation expense for solov company : On January 1, 2017, Solov Company granted to a senior officer 10,000 share options. What is the compensation expense for 2017?

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