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!
Tony and Suzie purchased land costing $500,000 for a new camp in January 2014. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow another million dollars, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common.
When the company began on July 1, 2012, Tony and Suzie each purchased 10,000 shares of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during 2014, its third year of operations:
Repurchase 10,000 shares of its own common stock (i.e., treasury stock) for $15 per share.
Declare a cash dividend on its common stock of $115,000 ($1 per share) to all stockholders of record on December 15. The dividend is payable on December 31.
For Part 1 I got:
Im struggling with part 2:
Great Adventures Problem 10-1 Part 2
Great Adventures has net income of $150,000 in 2014. Retained earnings at the beginning of 2014 was $140,000. Prepare the stockholders' equity section of the balance sheet for Great Adventures as of December 31, 2014.
Stockholders' Equity:
Common Stock:
Additiobal Paid-In Capital:
Total Paid-In Capital:
Retained Earnings:
Treasury Stock:
Total Stockholders' Equity:
a company has a margin of safety of 25 a contribution marginratio of 30 and sales of 1000000.a what is the break even
PM 106: Learning outcomes to be examined in this assessment: Analyse a set of financial statements including Income Statement, Statement of Financial Position and Statement cash flows.
Determine each year's absorption costing net operating income. Present your answer in the form of a reconciliation report.
The fixed overhead volume variances is due to:
evans company has the following informationannual demand -----------------------------------------4000 unitscurrent
worthington company issued 1000000 face value six-year 10 bonds on july 1 2012 when the market rate of interest was 12.
explain whether each of the following would be expensed on the income statement in2007 or in some later year and why.a.
company manufactures a product that sells for 1.75 per unit. management recently finished analyzing the results of the
how would each of the following fixedvariable costs be classified if units produced is the activity base? a. salary of
The company currently owns some unused equipment valued at $60,000. This equipment could be used for producing awnings if $5,000 is spent for equipment modifications. Other equipment costing $780,000 will also be required. What is the amount of th..
Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response. Analyze the audit opinion formulation process..
In addition, let me know which one interests you the most and how you would go about preparing to accomplish this great goal. Salary, jobs available, and other related information is what we will be looking for this week.
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