A companys retained earnings on december 31 2011 was

Assignment Help Accounting Basics
Reference no: EM13610915

A company's retained earnings on December 31, 2011 was $2,190,000 and its shareholders equity was $8,760,000. During 2012 the company reported the following: net income of $225,000; a sale of treasury stock costing $75,000 for $79,750; a treasury stock purchase costing $125,700; a cash dividend declaration of $73,200; a 10,000 share "small" common stock ($10 par value) dividend was declared and distributed when the market value was $12.75 per share. What is the owner's equity balance on December 31, 2012?

Reference no: EM13610915

Questions Cloud

On january 1 2012 the husky corporation purchased 90 of the : on january 1 2012 the husky corporation purchased 90 of the spartan companys voting stock for 2700000. spartans net
Calculate the thermal efficiency of the cycle for : a cold air-standard otto cycle operates between temperature limits of 70 and 1500 f. calculate the thermal efficiency
On january 1 2011 ross corporation issued bonds with a : on january 1 2011 ross corporation issued bonds with a maturity value of 200000 the bonds stated rate of interest
How to convert the uneven diameter of the hollow tube in to : a solid hollow tube thin wall with pin in the bottom and the top part is connect with another tube and there is a force
A companys retained earnings on december 31 2011 was : a companys retained earnings on december 31 2011 was 2190000 and its shareholders equity was 8760000. during 2012 the
Abel and co is newly established company and needs your : abel and co. is newly established company and needs your helpfor recording corporate dividends and retained
A charge of 20 micro coulomb is located in a uniform : a charge of 2.0 micro coulomb is located in a uniform electric field of intensity nc. what is the magnitude of the work
The 2-lb box has a velocity of 5 fts when it begins to : the 2-lb box has a velocity of 5 fts when it begins to slide down the smooth inclined surface at a. the coordinates of
A company has the following alternatives on some real : a company has the following alternatives on some real estate that it needs for its new plant. it can lease the facility

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accounts and financial statements of recording

A business issued a 60-day, 7% note for $15,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of recording

  The valentine company has decided to buy a machine costing

the valentine company has decided to buy a machine costing 14750. estimated cash savings from using the new machine

  Prepare a statement of cash flows

Using the unadjusted trial balance prepared in requirement A-iii above and the following data for adjusting entries, prepare a 10 column worksheet similar to the one in chapter 4 appendix of your text.

  Book value per share shown below is information relating to

book value per share shown below is information relating to the stockholders equity section of earthling inc. 6

  On march 1 2013 beldon corporation purchased land as a

on march 1 2013 beldon corporation purchased land as a factory site for 60000. an old building on the property was

  In january 2008 wilkinson inc acquired 20 percent of the

in january 2008 wilkinson inc. acquired 20 percent of the outstanding common stock of bremm inc. for 700000. this

  To what extent are countries changing with respect to

to what extent are countries changing with respect to national cultures and accounting values? are they converging or

  Heathrow issues 2000000 of 6 15-year bonds dated january 1

heathrow issues 2000000 of 6 15-year bonds dated january 1 2011 that pay interest semiannually on june 30 and december

  Explain what type of audit report give the group auditiors

explain what type of audit report give the group auditiors opinion on group financial statements is based partially on

  Thompson industries uses a special printer in its

thompson industries uses a special printer in its operations. lately sales have increased to the point that it takes

  Cmc ltd invited applications of issuing 100000 equity

cmc ltd. invited applications of issuing 100000 equity shares of 10 each at a premium of 3 per share. the whole amount

  Blake roofing company purchased machinery on oct 1 2008 for

blake roofing company purchased machinery on oct 1 2008 for 106000. the equipment has an estimated useful life of 8

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