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Point 1: The charter of Vista West Corporation specifies that it is authorized to issue 201,000 shares of common stock. Since the company was incorporated, it has sold a total of 154,000 shares (at $16 per share) to the public. It has bought back a total of 14,000. The par value of the stock is $4. When the stock was bought back from the public, the market price was $20.
Question 1: Determine the authorized shares. 201,000
Question 2: Determine the issued shares.
Question 3: Determine the outstanding shares.
Question 1: Record the May journal entry for Kate's first interest payment. How much interest expense is reported in May?
A Preparing adjusting entries, adjusted trial balance, and financial statements LO A1, P1, P2, P3 [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides traini..
Determine the cost of goods sold and ending inventory on June 30, considering that Handy uses: Determine the depreciation expense Tastee would identify on this equipment for each of the five years, assuming:
The following data are taken from the financial statements of Rainsberger Company. 2015 2014 Accounts receivable (net), end of year $550,000 $520,000 Net sales on account 3,960,000 3,100,000 Terms for all sales are 1/10, n/60. Collapse question part ..
A 30- year bond has a face value of $5,000.00 and it pays dividend every 2 months at a nominal interest rate of 12%. You purchased the bond for $4, 800.00 at a given time. After 3 years you decided to sell it. What is your selling price if you earned..
which he purchased for $50,000. After depreciation of $30,000 had been deducted, the van was traded-in for a new van that cost $55,000.
Prepare a statement of cash flows (indirect method) for Beckwith Products for 2009. List the major reasons for the difference between net income and net cash flow from operating activities.
a company and tell what type of inventory system they use and why you think this is a correct or an incorrect choice. For example, A supermarket uses a LIFO for its produce.
The stockholders equity section of Cinrich, Inc.'s balance sheet on January 1, Year3, appeared as follows: Common stock, $24 par, 20,000 shares issued and outstanding $ 480,000. On March 1, Year3, Cinrich reacquired 4,000 shares of common stock at $4..
What are some reasons why consolidated reports are thought to be relevant? Discuss-the-limitations of consolidated financial statements and why dual reporting.
Compute the standard cost of the ingredients for one gallon of wine. (Carry computations to two decimal places.)
Use the Excel file provided to prepare a budgetary comparisons schedule for the City of Grafton for the fiscal year ended June 30, 2012.
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