Reference no: EM131222545
Use the accounting equation to solve for the missing information for Paid In Capital at 12/31/16 (don’t bother entering cents, just round to the nearest dollar):
Total Assets, 12/31/16 = $23,000
Total Liabilities, 12/31/16 = $8,000
Paid-in Capital, 12/31/16 = $ ???
Retained Earnings, 12/31/16 = $ ???
Net Income for 2016 = $4,000
Dividends declared & paid in 2016 = $500
Retained Earnings, 01/01/16 = $6,000
|
Compute the cost assigned to ending inventory
: Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific iden..
|
|
Statement of retained earnings for the year ended
: May? Bakery, Inc. reported a? prior-period adjustment in 20162016. An accounting error caused net income of prior years to be overstated by $ 6 comma 000$6,000. Retained Earnings at December? 31, 20152015?, as previously? reported, was $ 39 comma 000..
|
|
Differences between debt and equity securities
: Investment securities are discussed in this weeks’ chapters. How does the accounting for investments vary depending on the type of investment (i.e. trading securities, available-for-sale securities, and held-to-maturity securities)? What are the diff..
|
|
Record the journal entry for the january
: On November 1, 2016 Carla Inc. converted a $20,000 accounts payable owed to Bernard Corp. to a note payable with an interest rate of 10% annually due on January 31, 2017. Record the adjusting entry needed on December 31, 2016 of Carla. Record the jou..
|
|
Accounting equation to solve for the missing information
: Use the accounting equation to solve for the missing information for Paid In Capital at 12/31/16 (don’t bother entering cents, just round to the nearest dollar):
|
|
Deduction for charitable contributions in the current year
: Spencer, who itemizes deductions, had adjusted gross income of $60,000 for the current year. The following additional information is available for the year: What is the maximum amount Spencer can claim as a deduction for charitable contributions in t..
|
|
Income statement and statement of retained earnings
: You are the staff accountant working at a local t-u-t-o-r-i-n-g center. The monthly financial statements (Income Statement, Statement of Retained Earnings, and Balance Sheet) were just finalized and released to the employees of the center. You hear s..
|
|
What causes students to post on social networking sites
: What causes students to post and read posting on social networking sites? Why are so important to them? what would students gain and lose if these sites were to be shut down?
|
|
Calculate standard deviation for the stock market
: Business Finance - BAO5534 Calculations using the statistical functions on Excel - Mean (expected) return and standard deviation for the stock market and the two companies.
|