An investor purchased 500 shares of common stock 25 par

Assignment Help Accounting Basics
Reference no: EM13575093

An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $40.50 per share. What is the amount of gain or loss on the sale?

Reference no: EM13575093

Questions Cloud

Ruben company purchased 100000 of evans company bonds at : 1ruben company purchased 100000 of evans company bonds at 100 plus 1500 in accrued interest. the bond interest rate is
Major instrument inc manufactures two products missile : major instrument inc. manufactures two products missile range instruments and space pressure gauges. during april 47
Citywide company issues bonds with a par value of 69000 on : citywide company issues bonds with a par value of 69000 on their stated issue date. the bonds mature in seven years and
Blanton corporation purchased 35 of the outstanding shares : blanton corporation purchased 35 of the outstanding shares of common stock of worton corporation as a long-term
An investor purchased 500 shares of common stock 25 par : an investor purchased 500 shares of common stock 25 par for 21750. subsequently 100 shares were sold for 40.50 per
After graduation you plan to work for dynamo corporation : after graduation you plan to work for dynamo corporation for 12 years and then start your own business. you expect to
Overhead is applied on the basis of standard machine hours : dinkel manufacturing corporation accumulates the following data relative to jobs started and finished during the month
Boxer company owned 23000 shares of king company that were : boxer company owned 23000 shares of king company that were purchased in 2011 for 370000. on may 1 2013 boxer declared a
They expect to have various cash inflows but no additional : kowalski distributors has invested 40000 in a project. they expect to have various cash inflows but no additional cash

Reviews

Write a Review

Accounting Basics Questions & Answers

  Century medical center is willing to make an even exchange

shenefelt medical center wants to dispose of its cat scan machine. the original cost of the machine was 445000 and

  Clark pierce conducts a wholesale merchandising business

Clark Pierce conducts a wholesale merchandising business that sells approximately 5,000 items per month with a total monthly average sales value of $250,000.

  Prime motivation behind the decisions

What was the prime motivation behind the decisions of Arthur Andersen's audit partners on the Enron, WorldCom, Waste Management, and Sunbeam audits: the public interest or something else? Cite examples that reveal this motivation.

  Calculate the amount of cash paid to employees for salaries

the following selected account balances were taken from buckeye companys general ledger atjanuary 1 2005 and december

  Symphony uses a perpetual inventory system

Listed below are account balances (in $ millions) taken from the records of Symphony Stores. All of these are permanent accounts, except the last two that have yet to be closed. The installment receivables are current. Symphony uses a perpetua..

  Customers coupons redeemable for a poster

A record shop gives its customers coupons redeemable for a poster plus a record album. One coupon i issued for each dollar of sales. On the surrender of 100 coupons and $3.00 cash, the poster and alsum are given to the customer.

  Recording issuances of common stock-treasury stock

Prepare the journal entries for these transactions, assuming that the common stock has a par value of $3 per share. Prepare the journal entries for these transactions, assuming that the common stock is on-par with a stated value of $2 per share.

  From the waterlogged records of the company management was

on april 8 2010 a flood destroyed the warehouse of stuco distributing co. from the waterlogged records of the company

  What was the fixed overhead spending variance

Each unit requires 20 minutes of direct labor. If 13,200 units were produced, what was the fixed overhead spending variance?

  What is the variable cost per unit

What is the variable cost per unit (rounded to the nearest penny)? What are the total fixed costs?

  Check your worksheet by changing the beginning work in

check your worksheet by changing the beginning work in process inventory to 100 units the units started into production

  Q ron carroll operates a small company that books

q. ron carroll operates a small company that books entertainers for theaters parties conventions and so forth.the

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