When resisto systems inc was formed the company was

Reference no: EM13572921

When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock.

Half of the preferred stock was issued at a price of $103 per share, and 70,000 shares of the common stock were sold for $13 per share. At the end of the current year, Resisto has retained earnings of $382,000.

Reference no: EM13572921

Questions Cloud

Describe how peachtree complete accounting produces : describe how peachtree complete accounting produces information that can be used to manage the business. identify and

Which dividends are expected to grow at a rate of 800 : the wei companys lastdividend was 1.75. the dividend growth rate is expected to be constant at 1.50 for 2 years after

Howell corporation purchased 350000 of its bonds on june 30 : a howell corporation purchased 350000 of its bonds on june 30 2010 at 102 and immediately retired them. the carrying

Pietarsaari oy a finnish company produces cross-country ski : pietarsaari oy a finnish company produces cross-country ski poles that it sells for euro33 a pair. the finnish unit of

When resisto systems inc was formed the company was : when resisto systems inc. was formed the company was authorized to issue 5000 shares of 100 par value 8 percent

What is the maximum price that bronson company should be : bronson company manufactures a variety of ballpoint pens. the company has just received an offer from an outside

Its dividend growth rate is expected to be constant at 1800 : the upton companys last dividend was 1.75. its dividend growth rate is expected to be constant at 18.00 for 2 years

Breyer company purchased packaging equipment on january 3 : breyer company purchased packaging equipment on january 3 2010 for 101250. the equipment was expected to have a useful

Compute the budgeted merchandise purchases for june round : in may 2014 the budget committee of grand stores assembles the following data in preparation of budgeted merchandise

User Account

All Pages