Construct the current balance sheet reflecting the changes

Assignment Help Finance Basics
Reference no: EM13275140

Building A Balance Sheet - The following table presents the long-term liabilities and stockholders' equity of information control corp. one year ago: Long-Term Debt $35,000,000 Preferred Stock $4,000,000 Common Stock $11,000,000 Capital Surplus $26,000,000 Accumulated Retained Earnings $75,000,000 During the past year, information control issued 8 million shares of new stock at a total price of $29 million, and issued $6 million in new long-term debt. The company generated $7 million in net income and paid $2.5 million in dividends. Construct the current balance sheet reflecting the changes that occurred at information control corp. during the year. I truly am confused about this problem. Can somebody break it down so I can understand what to do for next time?

Reference no: EM13275140

Questions Cloud

Delivering your presentation in the united states : As a manager for a large multinational corporation, you travel around the world giving presentations and conducting meetings. You always try to include humor as an icebreaker.
Type and thickness for insulating the steam line : Analyze heat lost from a 6-inch OD steam line. The line carries high-pressure steam throughout the factory at 400 psi, 400 oF. Specify type and thickness for insulating the steam line.
What is the waves magnetic field amplitude : The electric field of an electromagnetic wave in a vacuum isEy = (17.0 V/m)cos((6.28 ×108)x??t), where x is in m and t is in s. What is the wave's magnetic field amplitude
What is the current per-share annual dividend payment : What is the current per-share annual dividend payment for Altria (in $)?: 1.76 is the annual dividend payment. Please correct me if I am wrong 8.
Construct the current balance sheet reflecting the changes : Construct the current balance sheet reflecting the changes that occurred at information control corp. during the year. I truly am confused about this problem. Can somebody break it down so I can understand what to do for next time?
Explain what amount of the excess reagent : For the following reaction, 21.9 grams of sodium chloride are allowed to react with 67.0 grams of silver nitrate. sodium chloride (aq) + silver nitrate (aq) silver chloride (s) + sodium nitrate (aq) What is the maximum amount of silver chloride th..
Analyze a drier that reduces the moisture content : Analyze a drier that reduces the moisture content of bentonite from 11% (bone dry basis) to 4% bdb. Assume the plant processes 100 tons/day is a gas fired rotary kiln
What is the magnetic field strength on the axis : A 10-cm-diameter parallel-plate capacitor has a 1.0 mmspacing. What is the magnetic field strength on the axis
How far from the base of the cliff will milada hit ground : Two crickets, Chirpy and Milada, jump from the top of a vertical cliff. Chirpy just drops and reaches the ground in 4.00s, How far from the base of the cliff will Milada hit the ground

Reviews

Write a Review

Finance Basics Questions & Answers

  Business in unstable countries in world

What are some of the major political risks associated with investing in a foreign country? How does the threat of global terrorism effect foreign investment and the foreign-exchange market in the world today?

  What is the average accounting return

The projected net income from the project is $1,100, $1,200, $1,700, and $1,800 a year for the next four years, respectively. What is the average accounting return?

  What will one share of this common stock be worth

The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 11 years from now if the applicable discount rate is 8.0 percent?

  What will be the company stock price after stock split

SPU's stock is trade at $80 a share. The company is planning for a 2-for-1 stock split. What will be the company stock price after stock split.

  Explaining personal financial management techniques

Suppose your younger sister tells you that she now has a job that pays United State $1,300 per month, however, she is spending United State $1,700 per month and taking on more credit card debt to meet her monthly bills.

  Diversified financial corporations

Assume the population of Area Y is relatively young while that of Area O is relatively old, but everything else about the two areas is equal.

  What is mias self-employment tax

Mia is self employed as a consultant, During 2011, Mia earned $180,000 in self employment income. What is mia's self-employment tax?

  What is jake weighted average cost

The bonds are selling at 97.5% of face value. The company's tax rate is 33%. What is Jake's weighted average cost of question.

  Expanding laboratory testing

An administrator at Saint Jude Hospital is planning how to use some space made available when the outpatient clinic moved to a new building. She has narrowed choices, as follows:

  Determine the appropriate after-tax cost of new debt

Determine the appropriate after-tax cost of new debt for Triplin to use in a capital budgeting analysis.

  Determine the sustainable rate of growth

The Green Giant has a 5 percent profit margin and a 40% divided payout ratio. The total asset turnout is 1.40 and the equity multiplier is 1.50. Determine the Sustainable rate of growth?

  Discuss two factors that may affect a person''s credit score

Discuss two factors that may affect a person's credit score and apply the notion of moral hazard to your response.

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