When the fair value of the stock

Assignment Help Financial Accounting
Reference no: EM131294389

On December 31,2014, the stockholders equity section of Arndt, Inc. was as follows : Common Stock, particularly value $10; authorized 30,000 shares; issued and outstanding 9,000 shares- $90,000.

Additional Paid-in Capital $116,000

Retained Earnings $184,000

therefore Total Stockholders equity is $390,000

On March 31, 2015, Arndt declared a 10% stock dividend, and accordingly 900 additional shares were issued, when the fair value of the stock was $18 per share. For the 3 months ended March 31, 2015, Arndt sustained a loss of $32,000. The balance of Arndt 's retained earnings as of March 31, 2015, should be

a. $144,800

b. $143,000

c. $152,000

d. $135,800

Reference no: EM131294389

Questions Cloud

What are the similarities and differences in the cash : What are the similarities and differences in the cash, accrual and hybrid accounting methods? What are some of the income that must be reported under special accounting methods?
Explain what is the marginal rate of transformation impact : What is the Marginal Rate of Transformation impact? What is the labor-abundant country? What is the capital-abundant country? Could trade help reduce poverty in Brazil and other developing countries?
Express income statement data in common-size percents : Express the income statement data in common-size percents. Express the balance sheet trend percents with 2012 as the base year (round percents to two decimals).
How do you find out information about stocks : As a consumer/investor, how do you find out information about stocks? A good resource is Yahoofinance.com. Go to this site to look up two stocks: Intel at stock ticker INTC and Apple at stock ticker AAPL.
When the fair value of the stock : On December 31,2014, the stockholders equity section of Arndt, Inc. was as follows : Common Stock, particularly value $10; authorized 30,000 shares; issued and outstanding 9,000 shares- $90,000. On March 31, 2015, Arndt declared a 10% stock dividend,..
Background materials regarding conflict and negotiation : For the Module 3 SLP you will be applying the concepts you learned in the background materials regarding conflict and negotiation to a situation from your own personal experiences.
What is the balance in the patent account : On January 1, 2018, Weaver Corporation purchased a patent for $219,000. The remaining legal life is 20 years, but the company estimates the patent will be useful for only six more years. What is the balance in the Patent account at the end of 2020?
Concepts and definitions of charismatic : Carefully review the concepts and definitions of charismatic, transformational, and transactional leadership. Then write a three-page paper addressing the following issues, using specific examples from your personal experiences. Make sure to cite a..
Define market share and market growth : List and describe the 3 main types of organizational structures. What is the BCG Matrix. Define market share and market growth. List and describe the 4 four categories of the BCG Martix.

Reviews

Write a Review

Financial Accounting Questions & Answers

  The helmut and king corporation

The Helmut and King Corporation began 2016 with inventory of 8,000 units of its only product. The units cost $10.00 each. The company uses a periodic inventory system and the LIFO cost method

  What point should the revenue from gift cards be recognized

There are many situations in business where it is difficult to determine the proper period in which to record revenue. Suppose that after graduation with a degree in finance, you take a job as a manager at a consumer electronics store called Impact E..

  Discuss whether or not three payments are income

Discuss whether or not the three payments are income from personal exertion. Would your answer differ if she wrote the story for her own satisfaction and only decided to sell it later?

  Depreciation calculation methodsfreedom co purchased a new

depreciation calculation methods.freedom co. purchased a new machine on july 2 2008 at a total installed cost of 44000.

  How much will she need to set aside at the beginning

Jane expects that she will need $12,000 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?

  Donovan company incurred

donovan company incurred the following cost while producing 500 unit.

  Assume annual interest payments and amortization

On January 1, 2016, an investor paid $298,000 for bonds with a face amount of $318,000. The contract rate of interest is 8% while the current market rate of interest is 11%. Using the effective interest method, how much interest income is recognized ..

  What analysis did you use to select the target or targets

What analysis did you use to select the target or targets? Identify and evaluate sources of debt and/or equity financing, determine optimal target capital structure, and determine how the parent will pay for the acquisition.

  Evaluate the cash payback period for each proposal

Evaluate the cash payback period for each proposal. Arrange a differential analysis report, dated 15 th November of the present year, on whether the equipment should be leased or sold.

  How many days on average does it take the firm to collect

jenny's has annual sales of $367,200 and cost of goods sold of $198,600. the average accounts receivable balance is $16.400. how many days on average does it take the firm to collect its accounts receivable?

  Evaluate amount of cost of goods sold using fifo

Inventory and Cost of sales - Need to evaluate amount of cost of goods sold using: FIFO, LIFO and weighted average.

  Compute the companys predetermined overhead rate

Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 29,000 direct labor-hours would be required for the period’s estimated level of production.

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