How do properly prepare the stockholders equity section

Assignment Help Accounting Basics
Reference no: EM132744740

When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock.

Half of the preferred stock was issued at a price of $105 per share, and 93,000 shares of the common stock were sold for $20 per share. At the end of the current year, Resisto has retained earnings of $382,000.

Problem 1:
How do properly prepare the stockholders' equity section of the company's balance sheet at the end of the current year.

Reference no: EM132744740

Questions Cloud

What the company will recognize : The amount of $ 152,000, which was the market value on that date. In the entry of the wage to record the sale, the company will recognize
Growth in number of companies offering employees : Data showing the growth in the number of companies offering employees paid time for volunteerism over a five-year period
Determine whether graham top menswear assets are impaired : Conduct the impairment test for plant and equipment at the end of the year to determine whether Graham Top Menswear assets are impaired.
Key elements of a full narrative case study : What are the key elements of a full narrative case study?
How do properly prepare the stockholders equity section : When Resisto Systems, Inc., was formed, How do properly prepare the stockholders' equity section of the company's balance sheet at the end of the current year.
What is the net present value of the projects : A Project manager will earn a salary of sh. 100,000 per month to run both projects, What is Net Present Value of the projects, should the projects be undertaken
Why a leadership role will help you grow : Why a leadership role will help you grow, and help the company?
How they can or should impact on work outcomes : Explain what performance measures or objectives are and how they can or should impact on work outcomes
Which approaches did the fasb recently adopt : Which approaches did the FASB recently adopt regarding capitalization of leases? Capitalize leases that are similar to installment purchases.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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