User Account

All Pages

Determine the book value per share

Assignment Help Accounting Basics
Reference no: EM132445733

Question - On January 1, 2017, Alpha Corporation had 50,000 shares of $10 par value common stock outstanding. On July 1, 2017, Alpha issued 50,000 additional shares on July 1, 2017. There is no class of preferred stock. At December 31, 2017, total stockholders' equity was $4,250,000. Use this information to determine the book value per share as of end of the FY 2017?

Reference no: EM132445733

Questions Cloud

What are the changes in production : What are the changes in production have been observed from the last decades?
How prescription drugs affect the demand and supply : Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements
How many shipments were delivered during the time period : What impact did this delivery failure have on the buying organization? How many shipments were expected in during this time period?
Helping to slow down the economy : During a boom, when inflation is perceived to be a greater problem than unemployment, the government can run a budget surplus, helping to slow down
Determine the book value per share : At December 31, 2017, total stockholders' equity was $4,250,000. Use this information to determine the book value per share as of end of the FY 2017
Problems of developing countries : Describe and evaluate briefly five major characteristics or problems of developing countries' agricultural sectors. Make reference to specific countries
What apologetic school does newbigin follow : Analyze the strengths and weaknesses of Newbigin's answers/apologetic system. What apologetic school does Newbigin follow?
What is keynesian economics : What is Keynesian Economics? What are the quotes of the Keynesian of economics?
Prepare general journal entries to record the purchase : On July 1, 2017, purchased inventory from its Japanese supply source. Terms of sale were 100,000 yen, Prepare general journal entries to record the purchase

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem related to the accounts receivables

Imagine that you are the treasurer of your organization, and the company is in need of cash; unfortunately, the company is unable to secure a loan from the bank.

  Compute cost of goods manufactured

Work-in-process inventory was $12,000 at January 1 and $15,500at December 31. Compute cost of goods manufactured.

  The chief executive of a clothes manufacturer charged with

the chief executive of a clothes manufacturer charged with committing financial fraud was dismayed that the controller

  Distribution to the preferred stockholders

If $380,000 is to bedistributed as a dividend for the current year, what total amount will be distributed to the preferred stockholders?

  Determining the taxable income

Julie owns 100% and is an active participant in the rental real estate activity. What is Julies taxable income in 2010?

  Straight-line method of depreciation

The residual value is $40,000 and the estimated life is 6 years. Olson uses the straight-line method of depreciation.

  Validate why revenue is often recognized as earned

Create a situation or scenario in which it may be appropriate to recognize revenue as the productive activity takes place. State whether or not there are any other times appropriate for recognizing revenue. Provide a rationale with your response.

  Assume that red door boutique sold additional watches to a

please give correct answer and explain how you got that answer. i chose c and got 12 credit for it being partially

  Prepare journal entries for the september transactions

Marilyn Crone owns and operates a public relations firm called Best Foot forward, Inc. Prepare journal entries for the September transactions

  Net increase in cash for the year

a $16,200 increase in accounts payable, a $13,300 decrease in wages payable, a $79,400 increase in equipment, and a $106,000 decrease in notes payable. Calculate the net increase in cash for the year.

  Identify of the companys expenses

Identify each of the company's expenses (including cost of goods sold) as either variable, fixed, or mixed - Using the high-low method, separate each mixed expense into variable and fixed elements.

  What is the amount of costly trade credit

Langley Clinics, Inc., buys $400,000 in medical supplies each year (at gross prices) from its major supplier, What is the amount of costly trade credit

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd