User Account

All Pages

What would be the balance in the share

Assignment Help Accounting Basics
Reference no: EM132533367

Question - Horton Co. was organized on January 2, 2012, with 500,000 authorized shares of $10 par value ordinary shares. During 2012, Horton had the following capital transactions:

January 5 - issued 375,000 shares at $14 per share.

July 27 - purchased 25,000 shares at $11 per share.

November 25 - sold 15,000 shares of treasury shares at $14 per share.

Horton used the cost method to record the purchase of the treasury shares. What would be the balance in the Share Premium-Treasury account at December 31, 2012?

Reference no: EM132533367

Questions Cloud

How would you convince your employees : Your company promoted you to a management position in a new research facility in India. Surprisingly, you have adjusted to the new culture, language, and city.
The role of root cause analysis : The Role of Root Cause Analysis in Public Safety ERM Programs Case
Determine the labor quantity variance : Determine the labor quantity variance and round to the nearest whole dollar. Enter a favorable variance as a negative number
Describe stressors that you face in your professional life : The first step in dealing with stress is to identify the contributing factors. Briefly describe two stressors that you face in your professional life.
What would be the balance in the share : Horton used the cost method to record the purchase of the treasury shares. What would be the balance in the Share Premium-Treasury account
How traits can influence rational actor or rational choice : Consider the list of traits given in your text and other literature and choose the top traits an effective leader should have and justify them.
Computer forensics investigator employed : You're a police detective and receive a phone call from a computer forensics investigator employed by the police department.
Determine the projected ending balance of cash on hand : These amounted to $42,000 in December and $72,000 in January. Use this information to determine the projected ending balance of cash on hand for January
Discusses techniques used by malware developers : Discusses the techniques used by malware developers to disguise their code and prevent it from being analyzed.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd