On january 1 2014 hammer company listed the following

Assignment Help Accounting Basics
Reference no: EM13568845

On January 1, 2014 Hammer Company listed the following shareholders' equity section of its balance sheet:

Contributed Capital:


      Common stock, $1 par

$150,000

      Additional paid-in capital on common stock

300,000

            Total Contributed Capital

$450,000

Retained Earnings

758,000

Accumulated other comprehensive income

     14,500

Total Shareholders' Equity

$1,222,500

During 2015, the following events occurred in the order listed and were properly recorded:

  • The company issued 3,000 shares of common stock at $25 per share.
  • The company earned net income of $126,300.
  • The company paid a $1.20 per share dividend on its common stock.
  • The company experienced an unrealized decrease in the value of its investment in available-for-sale securities of $9,000.

Required:Prepare a statement of changes in shareholders' equity for 2015.

Reference no: EM13568845

Questions Cloud

The information below is taken from the december 31 2014 : the information below is taken from the december 31 2014 adjusted trial balance of rummer company all numbers are
You presently hold a 1000 par bond with a 7 coupon and a : you presently hold a 1000 par bond with a 7 coupon and a 14 year remaining term. if interest rates decreased what will
If the same ski co sale dept could guarantee the annual : siberian ski company recently expanded its manufacturing capacity which will allow it to produce up to 15000 pairs of
You are interested in a bond it has a 11 year remaining : you are interested in a bond. it has a 11 year remaining and a 6.25 coupon rate. the price is quoted at 100. what is
On january 1 2014 hammer company listed the following : on january 1 2014 hammer company listed the following shareholders equity section of its balance sheetcontributed
Calculate the net coupon exchange for the first period if : you are given the following information about an interest rate swap two year term semiannual payment fixed rate 6
Acme in pruchased 50000 shares of takedown enterprises on : acme in pruchased 50000 shares of takedown enterprises on january 12000. the total purchase price was 4300000.
If the tax laws were revised so that only 50 of any firms : if the tax laws were revised so that only 50 of any firms interest expense were tax deductible.a. what will be the
John h a portfolio manager is shorting a us treasury bond : john h. a portfolio manager is shorting a u.s. treasury bond futures contract and has decided to deliver. the quoted

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare statements for a merchandising company

Prepare an income statement with a supporting cost of goods sold statement - Prepare Statements for a Merchandising Company

  Classification procedure and subsequent classification

What classification procedure and subsequent classification could Jaycom follow in order to meet its objective? How will Jaycom justify its choice to their auditors?

  The target capital structure of orange corporation is 40

the target capital structure of orange corporation is 40 percent common stock 10 percent preferred stock and 50 percent

  The machine will permit an output expansion so the

the deleca plastice company is considering a machine that has a cost of 25000. the machine will permit an output

  Professional judgment in accounting ethics

1.Distinguish between personal and professional judgment in accounting ethics.

  Widgets for production

Kasten, Inc. budgeted 10,000 widgets for production during 2010. Kasten has capacity to produce 12,000 units. Fixed factory overhead is allocated to production. The following estimated costs were provided:

  Determine the cost of land to report on the balance sheet

A contractor paid 910,000 to construct a new warehouse. Determine the cost of the land to report on the balance sheet. Show the answer step by step.

  Verify your results using the two-factor portfolio equation

Verify your results using the two-factor portfolio equation recalculate the average return and standard deviation of the portfolio. Explain why the portfolio standard deviation is less than the average standard deviation of individual securities.

  Journalize the entries required

Vincent Corporation has 100,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 5% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $132 a share on June..

  Consolidated income statement problem

On December 31, 20X8, Parent Company purchased one-half of the outstanding bonds for $96,000. Both companies use the straight-line method of amortization. How much interest expense will appear on the December 31, 20X8, consolidated income statemen..

  Journalize entries and calculate depletion expenses

Forest Products, Inc., busy and develops natural resources for profit. Since 2006, it has had the following activities:

  Referring to the notes to the financial statements what

the majority of long-term assets consist of property plant and equipment and intangibles. these assets are capitalized

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