Prepare a stockholders equity section of the company

Assignment Help Accounting Basics
Reference no: EM13131084

1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.

Reference no: EM13131084

Questions Cloud

Explain fatty acid oxidation and different from one another : How are fatty acid oxidation and different from one another, Metabolism uses various ways to ensure that 2 opposing pathways do not occur at the same time. For the following pair of pathways list 2 ways (different cell location
What are main ethical challenges you believe to be facing : What are main ethical challenges you believe to be facing the accounting profession? Why do you think the general public believes that the practice of accounting does not involve any major ethical considerations?
Compute how many buses of each trip for the least possible : the rental cost for a large bus is800 and 600 for the small bus compute how many buses of each type should be used for the trip for the least possible cost
Find the probability that fewer than five were female : Before 1918, in a random sample of 11 wolves spotted in the region, what is the probability that 8 or more were male?
Prepare a stockholders equity section of the company : 1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.
What is total amount of from agi deductions : The Inouyes filed jointly in 2011. They reported $16,000 of itemized deductions and they have two children, one of whom qualifies as their dependent. What is total amount of from AGI deductions they are allowed to claim on their 2011 tax return?
Describe the meaning of the image as a whole : Describe the meaning of the image as a whole. Then describe the meaning of the image as the first element is removed and again after the second is removed. What does this exercise show you in terms of how imagery can be used in media?
Number of shares outstanding : A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be
Explain how would this action save antonella in today tax : If Antonella's employer paid her bonus on January 1 of next year instead of December, explain how much would this action save Antonella in today's tax dollars? If Antonella's tax rate increased to 32% next year, would receiving the bonus in Januar..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a balance sheet

Prepare an absorption costing income statement for the quarter ending March 31 as shown in Schedule 9 in the chapter.  Prepare a balance sheet as of March 31

  Batch accounting information architecture

How do information systems increase the efficiency and effectiveness of business processes in accounting functions? Please explain. What are the advantages and disadvantages of using real time versus batch accounting information architecture? Please..

  Active business income

In the current year, Spring Corporation, a closely held personal service corporation, has $120,000 of passive losses, $70,000 of active business income, and $50,000 of portfolio income. How much of the passive loss may Spring deduct in the current..

  What is the actual value of moneys contract

Eddy Money signed a three-year contract to host the Tonight Show. Although he will receive $130 million dollars over three years, the terms of the contract are that he is to receive $10 million at the end of each of the next three years plus an ad..

  Units-of-production depreciation

Compute the depreciation for each of the three years, assuming the use of units-of-production depreciation.

  Eps effect of convertible preferred stock

Thrifty Co. reported net income of $465,000 for its fiscal year ended January 31, 2011. At the beginning of that fiscal year, 200,000 shares of common stock were outstanding.

  What entry is required to revalue foreign currency payable

On September 3, 2008, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr). The payment is made on October 10.

  Determine equity at the end of the year

At the beginning of the year, Addison Company's assets are $212,000 and its equity is $159,000. During the year, assets increase $80,000 and liabilities increase $58,000. What is the equity at the end of the year?

  Debt and equity security

Distinguish between accounting treatment for available for sale equity securities and trading equity securities with example.

  Determine initial tax basis

An apartment house was purchased on July 8 of last year, by a taxpayer who computes her taxes on a calendar basis. Her depreciation deduction last year was $7,902.

  Journal entries for issuing additional shares

Record the following selected transactions in general journal form for Sun Orthopedic Clinic, Inc.Include a brief explanation of the transaction as part of each journal entry.

  Elimination of segment in a company losing money

When one segment in a company is losing money, the elimination of that segment will:

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