What percentage of the total assets controlled by all-stores

Assignment Help Accounting Basics

Reference no: EM131983532

Problem

All-Stores, Inc., is a holding company that has voting control over both General Stores and Star Stores. All-Stores owns General Stores and Star Stores common stock valued at $15,000 and $12,000, respectively. General's balance sheet lists $130,000 of total assets; Star has total assets of $110,000. All-Stores has total common stock equity of $20,000.

a. What percentage of the total assets controlled by All-Stores does its common stock equity represent?

b. If a stockholder holds $5,000 worth of All-Stores common stock equity, and this amount gives this stockholder voting control, what percentage of the total assets controlled does this stockholder's equity investment represent?

Reference no: EM131983532

Questions Cloud

Compute the amount of the fire loss : The rate of gross profit was 25% of cost. Compute the amount of the fire loss assuming the store had no insurance coverage Label an figures.

Prepare a report addressing positive and negative aspects : Imagine that you are the Information Systems Security Specialist for a medium-sized federal government contractor.

What digital keys are to you when you are doing exercises : After reviewing the material this week, describe briefly what digital keys are to you and how you think about them when you are doing your exercises.

Legal argument to support their breach of contract claim : In the above question, C & S's best legal argument to support their breach of contract claim is:

What percentage of the total assets controlled by all-stores : All-Stores, Inc., is a holding company that has voting. What percentage of the total assets controlled by All-Stores does its common stock equity represent?

How does tone affect written messages : How does tone affect written messages, such as email, chat, and memos? How might you ensure that an appropriate tone is being used?

Prepare a stockholders equity section at december : Prepare a stockholders' equity section at December 31, 2017, including the disclosure of the preferred dividends in arrears.

Organization leadership should put staff first : Richard Branson, CEO of Virgin, contends that an organization's leadership should "put staff first, customers second and shareholders third."

Compute gross margin assuming the lifo cost method : Compute the dollar amount of ending inventory assuming the FIFO cost method. Compute gross margin assuming the LIFO cost method.

User Account

All Pages