Reference no: EM132804356
Incubus Corporation began with an investment by shareholders of $43,000
a. Common stock$
In its first year, its income showed a deficit of $7,300. What would the equity section of its balance sheet show at year end? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)
Retained earnings
Total Stockholders' Equity$
b. In the second year, it had income of $15,300 and a dividend of $6,300 was paid. What would the equity section of its balance sheet show at year end?
Common stock$
Retained earnings
Total Stockholders' Equity$
c. In the third year, Incubus sold more shares for a value of $21,500, earned income of $12,300, and paid a dividend of $6,300. What would the equity section of its balance sheet show at year end?
Common stock$
Retained earnings
Total Stockholders' Equity$
|
Essay on christs ministry in the heavenly sanctuary
: How is this doctrine to the Seventh-day Adventist Church, as compared to other denominations, or your own - Do you agree or disagree with the doctrine
|
|
What sales revenue for fifteen percent net profit margin is
: If the firm has a 25% income tax rate, the sales revenue for a 15% net profit margin is? Its variable cost per unit is $6 and fixed costs are $80.
|
|
How cost-volume-profit analysis can enable students
: Discuss how cost-volume-profit (CVP) analysis and flexible budgeting can enable students to understand the different stages involved in starting up a business
|
|
What must happen to Dimark selling price
: All other things being equal, if management desires to keep the firm's current break-even point, what must happen to Dimark's selling price
|
|
Find out equity section of balance sheet
: Incubus Corporation began with an investment by shareholders of $43,000
|
|
Identify three program evaluation types
: Program evaluation models continue to evolve as the needs of students and the educational programs in which they participate change. As a special education.
|
|
Which statement characterizes time value of money concept
: Which statement characterizes the time value of money concept? The present value of a dollar received in the future is less than a dollar.
|
|
What is the general area for improvement
: How will you reflect and capture the lesson from this effort that can be generalized to other circumstances - How will you measure success/failure
|
|
What is the purpose of organizing files
: What is the Purpose of Organizing files Using File Management Tools, Talk about Folders, Sub-folders, Files, Compress and Decompress the files.
|