Reference no: EM131295542
Comprehensive The shareholders' equity section of Superior Corporation's balance sheet as of December 31, 2012, is as follows: Shareholders’ Equity Preferred stock, $100 par value; authorized, 330,000 shares; issued, 33,000 shares $3,300,000 Common stock, $5 par value; authorized, 2,200,000 shares; issued, 440,000 shares 2,200,000 Paid-in capital in excess of par—preferred 99,000 Paid-in capital in excess of par—common 935,000 Retained earnings 3,700,000 $10,234,000 The following events occurred during 2013: Jan. 5 50,000 shares of authorized and unissued common stock were sold for $8 per share. Jan. 16 50,000 shares of authorized and unissued preferred stock were sold for $108 per share. April 1 60,000 shares of common stock were repurchased for the treasury at a price of $19 per share. Superior uses the cost method to account for treasury stock. Sept. 1 5,000 shares of preferred stock are issued in exchange for a piece of land. The land has an appraised value of $545,000. The preferred stock currently trades on the New York Stock exchange at a price of $108 per share. Dec. 1 25,000 shares of treasury stock are reissued at a price of $24 per share
Calculate Superior's legal capital at December 31, 2013.
Total legal capital :
|
High blood pressure readings
: The physician requests the patient to return to the office in two weeks after the patient follows certain dietary and exercise instructions. The diagnosis recorded for the office visit is high blood pressure readings, rule out hypertension. What i..
|
|
Given the answer of the multiple choice questions
: Given the answer of the multiple choice questions: "Human conduct that is in violation of the criminal laws of a state, the federal government, or a local jurisdiction that has the power to make such laws" is a definition of .
|
|
Find the phasor responses vx and ix
: The circuit in given figure is operating in the sinusoidal steady state.- Use the unit-output method to find the phasor responses VX and IX.
|
|
Explain different types of local state and federal tax pays
: Explain the different types of local, state, and federal taxes they pay, and why they are each important? The basic standards for taxes? Why they should pay taxes?
|
|
Comprehensive-calculate superiors legal capital
: Comprehensive The shareholders' equity section of Superior Corporation's balance sheet as of December 31, 2012, is as follows: Shareholders’ Equity Preferred stock, $100 par value; authorized, 330,000 shares; issued, 33,000 shares $3,300,000 Common s..
|
|
What is the difference between data and information
: What is the difference between Data and Information - To have an effective communication you need to meet two conditions, mention these conditions.
|
|
Find the phasor voltage v and current i
: Find the phasor Thévenin equivalent of the source circuit to the left of the interface by hand. Then use Multisim to validate your Thévenin circuit.
|
|
A partnership began its first year of operations
: A partnership began its first year of operations with the following capital balances: Young, Capital: $143,000 Eaton, Capital: $104,000 Thurman, Capital: $143,000 The Articles of Partnership stipulated that profits and losses be assigned in the follo..
|
|
What are the assumptions of interest tax shield
: What are the assumptions of interest tax shield respectively for Hamada equation and portfolio equation? Accordingly when should we use Hamada equation and when to use portfolio equation?
|