User Account

All Pages

How many shares of common stock are outstanding

Assignment Help Accounting Basics
Reference no: EM133143521

Question - The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31.

Common Stock - $5 par, 500,000 shares authorized $300,000

Paid-In Capital in Excess of Par-Common Stock 610,000

Preferred Stock - $100 par, 100,000 shares authorized $80,000

Paid-In Capital in Excess of Par-Preferred 150,000

Retained Earnings 280,000

Treasury Stock (cost - $10 per share) 90,000

Required - How many shares of common stock are outstanding?

Reference no: EM133143521

Questions Cloud

What adjusting journal entry is necessary : What adjusting journal entry is necessary if the unadjusted trial balance shows a balance of $55,000 in the Merchandise Inventory account
Strategic management involve long-term-short-term activities : Does strategic management involve long-term or short-term activities? Describe how strategic management helps your facility control the future.
Describe private sector union : Please describe private sector union, provide example by choosing any private corporation and theil union?
Canadian publication on employment law : Locate an article in the Canadian publication on Employment law today relate it to duty to accommodate to the point of undue hardship under human rights legisla
How many shares of common stock are outstanding : The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31. How many shares of common stock are outstanding
Organizational chart of facility and of your department : As a new health care manager, you will need to have an organizational chart of the facility and of your department.
Essential functions analysis in the workforce : Describe the role of an Essential Functions Analysis in the Workforce Staffing Planning Process/Talent Management process and how that data ultimately impacts a
What are the strategies to improve team collaboration : What are the strategies to improve team collaboration by encouraging individual performers to become team players and building trust in leadership
Healthcare access and equality : Consider how this has changed the way that you view healthcare access and equality. Consider the impact of the decision.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Linda ace started her own consulting firm

For this assignment, you are required to present the seven correct journal entries in an Excel spreadsheet.Assignment Template attached below

  Statements and the internal controls of financial reporting

An integrated audit combines the audit of the financial statements and the internal controls of financial reporting. Please address the following topics:

  What is the recognized gain or loss

The old machine has an adjusted basis of $36,000 and the new machine has a fair market value of $80,000. What is the recognized gain or loss

  How stock price of two companies are expected to be affected

How stock price of two companies are expected to be affected. COS and MS are two listed competing shipping companies in the US.

  The deductibility of interest and dividends

How does the deductibility of interest and dividends by the paying corporation affect the choice of financing (that is, the use of debt versus equity)?

  How should mm account offering with stone

How should MM account for the above offering with Stone under the new revenue recognition model

  How much will fred need to invest for the next years

How much will Fred need to invest for the next 10 years so he will get $200,000 at retirement? (rounded to 2 decimal places)

  Record the march bond issuance entry

The bond principal is $1,534,775, while the present value of the bond interest payments is $1,158,260. Record the March 28 bond issuance entry.

  What is the remaining value of the lease liability

Assuming this lease is correctly classified as an operating lease. What is the remaining value of the lease liability immediately before the payment on January

  Explain the benefits of professional-development activities

Explain the benefits of professional-development activities. Plan for and arrange to attend professionaldevelopment events.

  Bank reconciliation and entries

The cash account for Stone Systems at July 31, 2014, indicated a balance of $17,750. The bank statement indicated a balance of $33,650 on July 31, 2014. Comparing the bank statement and the accompanying canceled checks and memos with the records r..

  What is the equivalent units of production

What is the equivalent units of production used to compute unit conversion cost on the cost of production report for Department W

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