What is total paid-in capital

Assignment Help Accounting Basics
Reference no: EM132043742

Question - Panhandle Corporation was organized on January 3, 2010. The firm was authorized to issue 200,000 shares of $5 par common stock. During 2010, Panhandle had the following transactions relating to shareholders' equity:

Issued 60,000 shares of common stock at $7 per share.

Issued 40,000 shares of common stock at $8 per share.

Reported a net income of $200,000.

Paid dividends of $100,000.

What is total Paid-in capital at the end of 2010?

Reference no: EM132043742

Questions Cloud

What are the z-score and standard deviation : In a certain presidential election, 38% of voting-age Americans actually voted. In our town of 200,000, 40% of voting-age citizens voted.
Find an ethical situation on line involving a sales person : Find an ethical situation on line involving a sales person with a real-world company - discuss what you would have done in that same situation using specific
Describe the two versions of the trolley problem : Please read the article ( Tom Chatfield, "Automated Ethics") and answer the following questions: Briefly describe the two versions of the "Trolley Problem".
Who did not contract the disease were recorded : Consider the situation where test groups of 500 were selected and the percentages of those who did not contract the disease were recorded.
What is total paid-in capital : Panhandle Corporation was organized on January 3, 2010. Paid dividends of $100,000. What is total Paid-in capital at the end of 2010
Set s of strings over the alphabet : Describe the strings in the set S of strings over the alphabet S = {a, b, c} defined recursively by (1) c ? S
Why given method provides reasonable estimate of an option : The general binomial method for option pricing has, at its root, the valuation of a one-period option on a stock with only two possible future values.
Evaluate the three standard organizations : Evaluate the three (3) standard organizations including IEEE, ISO, and ANSI to determine the most important for communication technology.
What is the amount of net pay for the employee : An employee earns $5,750 per month working for an employer. What is the amount of net pay for the employee for the month of January

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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