Crumb cookie companys charter allows it to sell

Assignment Help Accounting Basics

Reference no: EM13481718

Crumb Cookie Company's charter allows it to sell 250,000shares of $2 par value common stock. To date, the firm has sold 100,000 shares fora total of $600,000. Crumb Cookie has reacquired 4,000 shares from shareholders at a price of$8 per share. Retained earnings are $250,000.

a. What total amount of contributed capital should Crumb Cookiereport?

b. What amount should be reported for the Common Stock account?

c. What was the average selling price of each share of commonstock?

d. How many shares of stock are outstanding?

e. What amount should be reported for stockholders' equity?

Reference no: EM13481718

Questions Cloud

Prepare the stockholders equity section after the : on june 1 acme corporation declared and issued a 15 stockdividend to each of its 400000 outstanding shares of 2 par

What tentative conclusions can you draw about the debt : select one of the following companies southwest airlines delta airlines united airlines airtran continental

Ramirez corporation sells two types of computer chips the : ramirez corporation sells two types of computer chips. the sales mix is 30 q-chip and 70 q-chip plus. q-chip has

At the end of december the company found that it had : a company adds overhead costs to jobs at the rate of 8 per direct labor hour. it accumulates overhead costs in a

Crumb cookie companys charter allows it to sell : crumb cookie companys charter allows it to sell 250000shares of 2 par value common stock. to date the firm has sold

What amount should tack report as a prior period adjustment : tack reported a retained earnings balance of 150000 at dec 312007.in june 2008 tacks internal audit staff discovered

Raleigh sold 1000 units at 500 each and earned net income : raleigh sold 1000 units at 500 each and earned net income of 50000. variable expenses were 300 per unit and fixed

A classmate is considering dropping his or her accounting : a classmate is considering dropping his or her accounting class because he or she cannot understand the rules of debits

Watch corporation of switzerland claims that its watches on : watch corporation of switzerland claims that its watches on average will neither gain nor lose time during a week. a

User Account

All Pages