Increase in the total stockholders equity

Assignment Help Accounting Basics
Reference no: EM13151552

On December 1, 2010, Abel Corporation exchanged xx,000 shares of its $xx par value common stock held in treasury for a used machine. The treasury shares were acquired by Abel at a cost of $xx per share, and are accounted for under the cost method. On the date of the exchange, the common stock had a market value of $xx per share (the shares were originally issued at $xx per share). As a result of this exchange, Abel's total stockholders' equity will increase by ??

Reference no: EM13151552

Questions Cloud

Does the law of average relate to the answer : 20 turn out to be over 65 inches tall, you get $20. Which is better: a sample of size 100 or a sample of size of 1,000? Choose one and explain. Does the law of average relate to the answer you give?
Show whether the buyers or sellers will bear bigger : Assume that the supply of soda is more elastic than the demand for soda. Using a supply and demand diagram and a "tax wedge," show whether the buyers or the sellers will bear the bigger burden of a soda tax.
Calculate the calorimeter constant : Calculate the Calorimeter Constant if 25 g of water at 50 C was added to 25 g of water at 25C  with a resulting temperature of 35 C?
Create contingency table to show whether home pool : Develop a contingency table that shows whether a home has a pool and the township in which the house is located. Is there an association between the variables "pool" and the "township"? Use .05 level of significance.
Increase in the total stockholders equity : the common stock had a market value of $xx per share (the shares were originally issued at $xx per share). As a result of this exchange, Abel's total stockholders' equity will increase by ??
Increase the required reserve ratio : Increase the required reserve ratio Decrease the required reserve ratio Increase the discount rate Decrease the discount rate Buy government securities in the open market Sell government securities in the open market
Probability-particular wrestler will weigh less in pounds : The weight of wrestlers is normally distributed with a mean of 300 pounds and a standard deviation of 40 pounds. What is the probability that a particular wrestler will weigh less than 250 pounds?
What is the probability that she will have a normal child : Genes for color blindness and hemophilia are linked on the X-chromosome in humans with a recombination frequency of 30 %. A woman whose father was a color blind hemophiliac.
Probability student selected at random is older than other : The average age of statistics students nationwide is 22. The standard deviation is 2.5 years. Assume the age is a normally distributed variable. Find the probability that one student selected at random is older than 23.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entry of petty cash

A company established a petty cash fund of $100 on September 1. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.

  Define probability distribution

What's a probability distribution? What's it used for and why do we care? Does a probability distribution guarantee a particular value will occur under a set of circumstances?

  Decrease in the investment account

Which of the following results in a decrease in the investment account when applying the equity method?

  Amount charged to income-expense and loss

The company estimated a 10-year useful life for the patent and uses the straight-line amortization method for all intangible assets. In 2014, Vega spent $40,000 in legal fees for an unsuccessful defense of the patent. The amount charged to income ..

  How did the provision impact working families

The Working Families Tax Relief Act of 2004 changed the definition of a qualifying dependent. Why was this changed? What other provisions were included in this Act? How did the provision impact working families?

  Concept of process costing system

A single product in one department and uses a process costing system. At the start of May, there were 10,000 units in process that were 100 percent complete with respect to direct material and 60 percent complete with respect to conversion costs (..

  Amount of interest revenue-income statement

On January 1, 2010, West Co. exchanged equipment for a $400,000 zero-interest-bearing note due on January 1, 2013. The prevailing rate of interest for a note of this type at January 1, 2010 was 10%. The present value of $1 at 10% for three periods..

  Bond issue and interest accrued on bonds due adjustment

Show the journal entries in 2006. (Please be reminded the year-end for ABC Corporate is Dec 31, adjusting is required)

  Calculate the restated cash dividend per share

Calculate the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes. Round your answer to two decimal places.

  What is the annual total income

The equipment will have an initial cost of $400,000 and have a 5 year life. If the salvage value of the equipment is estimated to be $75,000, what is the annual net income? Ignore income taxes.

  Total cash dividends related problem

Norton's outstanding stock consists of (a) 13,000 shares of noncumulative 8% preferred stock with a $10 par value and (b) 32,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and pai..

  Realized gain on the sale of stock problem

Woods sold all of the Holmes stock for $17 per share on December 3, 2011, incurring $14,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2011 of ??

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