User Account

All Pages

Explain the amount of treasury stock

Assignment Help Financial Accounting
Reference no: EM13496286

At December 31st, 2011, the records at a corporation provided the following selected and incomplete data:

Common stock (par $1; no changes during the year)

Shares authorized, 3,000,000


Shares issued,  issue price $65 per share

Shares held as treasury stock, 85,000 shares, cost $40 per share

Net income, $3,700,000



Common stock account, $1,400,000


Dividends declared and paid; $2 per share.

Retained Earnings balance, January 1, 2011, $74,700,000





Find the following:

(a)   the shares issued

(b)   the shared outstanding

(c)   the balance in the Capital in Excess of par account

(d)   the EPS on net income

(e)   The total dividends paid on common stock during 2011

(f)    The amount of treasury stock

Reference no: EM13496286

Questions Cloud

Explain the caloric content due to the alcohol ethanol : The heat of combustion of ethanol, C2H5OH(l), is -1367 kj/mol. A batch of Sauvignon Blanc wine contains 10.6% ethanol by mass. Assuming the density of the wine to be 1.0 g/mL, what is the caloric content due to the alcohol (ethanol) in a 6-oz glas..
Prepare journal entries for the investments in sas : On August 31, 2010, a company purchased 10,000 shares of stock for $30 per share. Management recorded the stock in the securities available for the sale portfolio. The following information pertains to the price per share of stock.
What is the normal force of the ramp on the box : A 300 N box is placed on a frictionless inclined plane that makes a 22.0° angle with the horizontal. What is the normal force of the ramp on the box
What was the average force of the bat on the ball : A 0.04-kg baseball traveling in a horizontal direction with a speed of 16 m/s hits a bat and is popped straight up with a speed of 15 m/s. what was the average force of the bat on the ball
Explain the amount of treasury stock : At December 31st, 2011, the records at a corporation provided the following selected and incomplete data.
Write a check to ]aural : Successive loan deposited in a checking account and no banks keeping any excess reserves -  suppose First Main Street Bank loans out all of its new excess reserves to Kristen, who immediately uses the funds to write a check to ]aural.
What is the smallest thickness of a soap film : What is the smallest thickness of a soap film that would appear black if illuminated with 470 nm light? Assume there is air on both sides of the soap film
Explain what is change in enthalpy for the formation : What is Change in Enthalpy for the formation of 1 mol of acetylene. (c) Which is more likely to be thermodynamically favored, the forward reaction of the reverse reaction
Suppose that the preferred stock is noncumulative : Compute the amounts of dividends, in total and per share, that would be payable to each class of stockholders.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Questionmercer mechanics offers a one-day sale on battery

questionmercer mechanics offers a one-day sale on battery installation. during the progression of the day the mechanics

  Journalize all entries required on the dates

Journalize all entries required on the dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line depreciation.

  Sarah warren currently holds 400s shares of nutri-foods the

sarah warren currently holds 400s shares of nutri-foods. the firm has 40000 shares outstanding. the firm most recently

  Interpretative write up of your financial analysis

Create an interpretative write up of your financial analysis, explaining trends and items of concern for the directors of FedEx. For each ratio, you should describe ratio, inform the directors about

  Purpose a trial balance for october

During its first month of operation, the Rawls Repair Corporation, which specializes in bicycle repairs - Purpose a trial balance for October

  Financial performance of westward

Perform horizontal and vertical analysis on Westward both income statement and balance sheet, show your results and assess the financial performance of Westward, given the analysis tools used above.

  Analyze financial statements of a publicly traded company

What non-cash transactions does the company have on its cash flow statement? What are some other examples of non-cash transactions?

  Calculate breakeven point margin of safety breakeven

calculate breakeven point margin of safety breakeven level.alex miller inc. sells car batteries to service stations for

  Question janavee construction applies all overhead to jobs

question janavee construction applies all overhead to jobs on the basis of direct labor hours. this period

  A identify the steps in evaluating the taxable income of a

a. identify the steps in evaluating the taxable income of a trust or estate.b. show the uses and implication of

  Computation of lossgain on retirement of bondson june 30

computation of lossgain on retirement of bonds.on june 30 2007 country inc had outstanding 10 percent1000000 face

  Illustrate what is the material purchase price variance

Direct material 9 feet at $5.00 per foot. Actual information for July: 2,000 units were produced; 20,000 feet of direct material were purchased at a cost of $92,000 and 19,000 feet of material were used. Illustrate what is the material purchase pr..

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