Determine the corporation and paid in capital

Assignment Help Financial Accounting
Reference no: EM132631467

Corporation and Paid In capital

FV Company earned net income of $75,000 during the year ended December 31, 2012. On December 15, FV declared the annual cash dividend on its 5% preferred stock (par value, $115,000) and a $0.50 per share cash dividend on its common stock (55,000 shares). FV then paid the dividends on January 4, 2013.

Requirements

Problem 1. Journalize for FV:

Problem 2. Declaring the cash dividends on December 15, 2012.

Problem 3. Paying the cash dividends on January 4, 2013.

Reference no: EM132631467

Questions Cloud

What could you do to make your communication more clear : How can you make sure that this kind of miscommunication does not happen in the future? Or when it does happen, what could you do to make your communication.
How do prepare a multiple-step income statement : Prepare a multiple-step income statement. Salaries and wages expense (administrative) $135,900. Salaries and wages expense (selling) 114,800
How does current landscape of global hrm impact hr planning : How does the current landscape of global HRM impact HR planning? What are the HRM implications of Hofstede's, Trompenaars', and the GLOBE models'.
Review problem based on the future of hrm : How would the use of such tools as LinkedIn, Twitter, Facebook and others impact your decision in finding the right candidate and why would you select.
Determine the corporation and paid in capital : FV Company earned net income of $75,000 during the year, Journalize for FV. Declaring the cash dividends on December 15, 2012.
Explain how can training programs be evaluated : What should be the role of training? How can training programs be evaluated on their effectiveness? Respond to at least two of your classmates' postings.
Prepare briefing package with approval drafts : Review the table of contents and relevant chapters in the Certified Information Privacy Professional textbook to find information about legal and regulatory
What a should record for nonmonetary exchange : A also paid the other company $10,000 cash. The exchange was considered to have commercial substance. As a result of this nonmonetary exchange, A should record
Determine how must training programs continue to evolve : In your view, how must training programs continue to evolve in order to do more with diminished financial resources? Respond to at least two of your classmates.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the cost of equity

The market price of the stock is $24.09 and the growth 2.6 percent. What is the cost of equity?

  Explain how they contributed toward the financial reporting

Describe the failures in internal controls of Royal Dutch Shell plc. and explain how they contributed toward the financial reporting problems at Shell.

  Prepare the bank reconciliation for the avisa company

Prepare the November Bank Reconciliation for the Avisa Company - Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books.

  Financial performance

"Financial Performance" Identify at least (3) ratios that could be manipulated to mislead investors and creditors regarding the company’s financial condition. Examine the motivation of management to manipulate the ratios identified.

  Find how much debt can the firm borrow from the bank

$1 million, and a tax rate of 35 percent. Its bank agrees to lend up to 4 times its EBITDA. How much debt can the firm borrow from the bank?

  How much should it report as foreign exchange loss

When Post collected the receivable on February 15, 2012, the U.S. dollar equivalent was $95,000. In Post's 2012 consolidated income statement, how much should it report as a foreign exchange loss?

  Calculate the output gap as a percentage of potential gdp

Data on real GDP and potential GDP for the United States for the years 2003-2013, in billions of 2009 dollars. For each year, calculate the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansion..

  Determine the current requirement under gaap and ifrs

Determine the current requirement under GAAP and IFRS,

  Initial development of auditing standards was in response

The initial development of auditing standards was in response to

  What you recommend we do to improve our asset management

Based on your calculations of current ratio and total-asset turnover ratio, what would you recommend we do to improve our asset management

  Prepare the journal entryies to record the redemption

This exercise will illustrate how to account for the redemption of bonds by cash payment prior to maturity. Prepare the journal entry(ies) to record the redemption of these bonds on July 1, 2014.

  Double-declining-balance method for depreciation

Can you explain to me how to do Unit of production method for depreciation and Double-declining-Balance method for depreciation

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