User Account

All Pages

Determine the net income for alpha

Assignment Help Accounting Basics
Reference no: EM131697689

Question: Alpha Corporation has one class of common stock with a par value of $5. There is no Treasury Stock balance as of January 1, 2017. On January 1, 2017 Alpha had a $75,000 balance in its Common Stock account. On October 1, 2017 Alpha issued an additional 2,500 shares of common stock for $14,400. There is no class of preferred stock outstanding during FY 2017. Use this information to determine the Net Income or (Net Loss) for Alpha if it reports an earnings per share of $4.80.

Reference no: EM131697689

Questions Cloud

Earth temperature relative : Using this climate sensitivity, what is the expected increase in the Earth's temperature relative to 1750 if we burn all of the FF deposits.
How much is the direct labor standard cost per hour : Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. How much direct labor standard cost per hour
Evaluate the concept of the efficient frontier : Evaluate the concept of the efficient frontier and how you will use it to determine an asset portfolio for a specified investor.
Where are the companys headquarters located : Where are the company's headquarters located?What is the mission statement of the company you chose to study?
Determine the net income for alpha : Alpha Corporation has one class of common stock with a par value of $5. There is no Treasury Stock balance as of January 1, 2017.
How much is the direct labor standard cost per hour : Payroll costs are $3.00 per hour, and benefits are $6.00 per hour. How much is the direct labor standard cost per hour
Discuss the traveling production of the phantom : A traveling production of The Phantom of the Opera performs each year. The average show sells 800 tickets at $50 a ticket. There are 100 shows each year.
What is the present value of acmes future cash flows : What is the present value of Acme's future cash flows using the discounted cash flow model? Explain your reasoning using references from the background reading.
How much is the direct materials standard cost per square : Payroll costs are $4.00 per hour, and benefits are $5.00 per hour. How much is the direct materials standard cost per square foot

Reviews

Write a Review

Accounting Basics Questions & Answers

  Carla works full-time managing the partnership

Carla works full-time managing the partnership

  At the end of the accounting period

At the end of the accounting period, Adams Company's general ledger contained the following adjusted balances:

  Which of the factors affecting accounting development

Which of the factors affecting accounting development are likely to be the most serious obstacles to the EU harmonization effort

  The lake superior company has spent a total of 153000 at

the lake superior company has spent a total of 153000 at the beginning of 2000 in acquiring patents for its

  What are risks of poor corporate governance

What are risks of poor corporate governance and the advantages of good corporate governance

  Equity for the fiscal year ended december

The stockholders' equity T accounts of For All Occasions Greeting Cards Inc. for the current fiscal year ended December 31, 2010, are as follows.

  Horizontal analyses is by comparing actual results to budget

An additional way of using a Horizontal Analyses is by comparing actual results to budgeted or forecast results. What benefits does this of comparison provide

  Ending work in process inventory in department

There were 7,500 units in the department's beginning work in process inventory, two thirds complete with respect to conversion costs. During March, 52,500 units were started and 50,000 were completed and transferred out of the department. The endi..

  Problem regarding the credit card debt

The average household credit card debt has been reported to be between $8000 and $10,000. Often of interest is the average credit card debt carried by college students. In 2008, the average credit card debt for college students was reported to be ..

  Discuss how non-compliance with the goodwill impairment

discuss how non-compliance with the goodwill impairment regime guthrie and pang 2013 p. 219 prescribed by aasb

  How much revenue will sparky recognize in 2016

Determine how much revenue should be allocated to each of the components - which Sparky advertises on an ongoing basis. How much revenue will Sparky recognize in 2016 under this arrangement?

  In early january 2009 sanchez builders purchases computer

in early january 2009 sanchez builders purchases computer equipment for 102000 to use in operating activities for the

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