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Question - C Inc., is authorized by its charter to issue 10,000 shares of $ 10 par common stock. On 3/1/2009, the first issuance of common stock was made, 2000 shares for $ 12 each. On 2/1/2010, 3000 additional shares were issued for $ 14. On 6/1/2010, 1200 of the outstanding shares were repurchased by the corporation for $ 11 each, but 200 of them were reissued the next day at a price of $ 15 each. Like most corporations, C uses the cost method to account for any treasury stock.
How many shares of common stock are outstanding now? If a $ 2 per share dividend were declared today, how many dollars would the corporation need to pay it? How much gain would the corporation recognize on these common stock transactions? How much additional paid in capital (total Paid in Capital on Common or Treasury Stock) would the corporation have?
Your parents will give you a graduation gift of $3,400 to help with the cost of the vacation. What is the maximum amount will be able to spend on vacation?
Determine what's the present value of the same annuity due? If the present value of an ordinary, 8-year annuity is $6,400 and interest rates are 8.0 percent
January 1, 2021, at 104. Unamortized bond premium on that date was $176,800. How much gain or loss should be recognized on this bond retirement?
How do summarized in cash flow statements which type is least likely to show a positive net cash flow in a successful growing business?
Explain what types of individual investor would be interested in bonds, as opposed to putting their money into stocks or savings accounts
The prevailing interest for similar securities is at 11%, What is the unrealized holding gain loss to be recognized in the balance sheet as of December 31, 2019
What amount should Clark report in its December 31, year 1 consolidated balance sheet for current assets?
question most accounting professionals would agree that the accounting profession has developed effective tools for
A loan of $2500 was repaid together with interest of $605. If interest was 6% compounded quarterly, for how many months was the loan taken out?
Judds Company purchased a new plant asset on April 1, 2014, at a cost of $1,507,320. It was estimated to have a service life of 20 years and a salvage value of $127,200. Judds accounting period is the calendar year. Compute the depreciation for this ..
What should be the amount of dividend if the firm adopts the residual dividend policy? If the company has 1,000,000 shares outstanding, what is DPS?
Randy's tireland makes a product that sells for $60 per unit and has $42 per unit in variable costs.
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