User Account

All Pages

How many common shares are issued

Assignment Help Accounting Basics
Reference no: EM132576040

Question - New York Corporation has the following shareholders' equity on December 31, 2021:

Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5,000 shares issued$0,570,000 Common shares, no par value, 200,000 shares authorized, 90,000 shares issued 1,800,000 Total share capital 2,370,000 Retained earnings 450,000 Total shareholders' equity $2,820,000.

If one preferred share is convertible into 10 common shares, how many common shares are issued when 500 preferred shares are converted?

Reference no: EM132576040

Questions Cloud

Find the allowance for doubtful accounts : Find the allowance for doubtful accounts. increases the reported net value of accounts receivable/appears under the heading "Other Assets."
What the amount of overhead applied for activity : What The amount of overhead applied for Activity 2 during the year closest to? Westin Company uses activity-based costing to compute product costs for external
Compute the margin of safety ratio for current operations : Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent)
Which would be recorded under : Purrfect Pets sells a $1,500 aquarium to a customer on account. This would be recorded under?trade accounts receivable./non-trade receivables.
How many common shares are issued : If one preferred share is convertible into 10 common shares, how many common shares are issued when 500 preferred shares are converted
Maintaining the loyalty of stakeholders : Describe the policy and who wrote and/or promoted the policy legislature (provide statistical data).
Find financial arraignments to exclude substantial account : Find out financial arraignments to exclude the substantial amount of short-term obligations from current liabilities. Find the FASB number associated
Major risks of using international strategy : Discuss the two major risks of using international strategy. These risks are complexities and limits.
How much interest is paid at each interest payment date : On January 1, 2021, $970,000, 5-year 5% bonds were issued for $928,625. How much interest is paid at each interest payment date

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identify an internal control procedure that would reduce

Identify an internal control procedure that would reduce each of the risks that follow in a manual system. Also describe how (or if) an IT system could reduce these risks Student responses may vary, as more that one control may apply to risk reduc..

  Discuss heather meyer ethical dilemma

What is the difference in before-tax income between the CEO's and Heather's treatment of the situation? Discuss Heather Meyer's ethical dilemma.

  Drive the stockholders equity section of the balance sheet

The stockholders equity accounts of Blue Spruce Corp on January 1, 2017. Drive the stockholders' equity section of the balance sheet at December 31, 2014.

  Wecker companys year-end unadjusted trial balance shows

wecker companys year-end unadjusted trial balance shows accounts receivable of 89000 allowance for doubtful accounts

  Yang corporation wholesales repair products to equipment

yang corporation wholesales repair products to equipment manufacturers. on may 1 2014 yang corporation issued 20000000

  Journalize the initiation of the loan

Journalize the initiation of the loan, the recognition of interest expense for the quarter and the payment of the note on its due date.

  Determining the losses claim

During 2012, Lorraine sold the following assets: business equipment for a $8,000 loss, stock investment for a $10,000 loss, and her principal residence for a $26,000 loss. how much of these losses may Lorraine claim on her 2012 return?

  Record the exercise of the conversion option

Prepare in general journal form the entry to record the exercise of the conversion option, using the book value method

  Compute the revenue to be recognized in fiscal year 2014

van hatten industries has three operating divisions-depp construction division dement publishing division and ankiel

  Gaillard computes its overhead rates using practical volume

at the beginning of the year gaillard company had the following standard cost sheet for one of its chemical products

  What items affect owner''s equity

(a) Define the terms assets, liabilities, and owner’s equity. (b) What items affect owner’s equity?

  Calculate depreciation expense using the activity-based

asty subs acquired a delivery truck on october 1 2012 for 19850. the company estimates a residual value of 7550 and a

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