Reference no: EM131534498
Question: On October 10, the stockholders' equity of Noble Systems appears as follows
Common stock-$10 par value, 36,000 shares
authorized, issued, and outstanding . . . . . . . . . . . . . . . . . . . . . . . $360,000
Paid-in capital in excess of par value, common stock . . . . . . . . . . . 108,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 432,000
Total stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $900,000
1. Prepare journal entries to record the following transactions for Noble Systems.
a. Purchased 4,500 shares of its own common stock at $30 per share on October 11.
b. Sold 1,200 treasury shares on November 1 for $36 cash per share.
c. Sold all remaining treasury shares on November 25 for $25 cash per share.
2. Explain how the company's equity section changes after the October 11 treasury stock purchase, and prepare the revised equity section of its balance sheet at that date.
|
Determine the amount of dividends paid
: Use the data in Exercise 13-8 to determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock.
|
|
Opinions about our government and politics
: How do family, school,peers, mass media, and adult socialization contribute to status quo and help people form opinions about our government and politics?
|
|
Identify the strengths and weaknesses each identity provides
: Identify the strengths and weaknesses each identity provides in a professional human service setting
|
|
Reflect on your experiences as a member of a clinical team
: Reflect on your experiences as a member of a clinical team. What makes a team effective in terms of achieving expected outcomes for patients and agencies?
|
|
Prepare the revised equity section of its balance sheet
: Explain how the company's equity section changes after the October 11 treasury stock purchase, and prepare the revised equity section of its balance sheet.
|
|
Identified in your topic exploration worksheet
: In this project, you will write the introductory paragraph of a history paper based on one of the questions you identified in your topic exploration worksheet.
|
|
Would you recommend to the us senate
: Given that eight other nations have already signed their participation, would you recommend to the U.S. Senate that it should be ratified?
|
|
What happened to spain in the early seventeenth century
: What happened to Spain in the early seventeenth century? Was there a decline? What was the nature of the decline? Knowing what you do about the reforms.
|
|
Overview for type of discrimination
: Write a 1,000-word paper. Provide a separate overview for each type of discrimination: age, weight, and sexual orientation.
|