User Account

All Pages

How much money did they gain or loss from this bond

Assignment Help Accounting Basics
Reference no: EM132760140

Questions -

Q1. ABC Corporation is authorized to issue 2,000,000 shares of $5 par value capital stock. The corporation issued half the stock for cash at $15 per share, earned $200,000 during the first three months of operation, and declared a cash dividend of $40,000. The total paid-in capital of ABC Corporation after three months of operation is?

Q2. ABC Company buys a $20,000, 7% bond at 102. A year and a half later they sell the bond for face value. How much money did they gain/loss from this bond?

Q3. ABC Company had shareholders equity of $68,723 in 2019 and in 2018 the shareholders equity was $64,859. ABC's Return on Equity Ratio for 2019 was 16.62%. What would the profit for 2019 be?

Q4. In 2019, ABC Company had $700,000 of revenue and $320,000 of operating expense. The company has a 20% Income tax rate. What is the company's profit for the year?

Q5. On January 1, Mourinho Corp issues $400,000 of 5-year, 4% bonds at 101. The entry to record the issue of the bonds is?

Reference no: EM132760140

Questions Cloud

Managing and enhancing individual performance : Motivating individual staff in the 'right' way, is a key tool in managing and enhancing their individual performance (i.e. one size does not fit all).
What is the amount of each loan payment : You are buying a previously owned car today at a price of $6,890. You are paying $1000 down in cash and financing the balance for 40 months at 24 percent (APR).
Compute the hedged profit from the transaction in euros : Compute the hedged profit from the transaction in euros. You are a sales representative of an Estonian company that exports local mushrooms
What reasoning could justify the expensing of r and d : If an intangible asset is purchased, it is recorded at the purchase price. However, firms that create intangible assets internally are required to expense.
How much money did they gain or loss from this bond : ABC Company buys a $20,000, 7% bond at 102. A year and a half later they sell the bond for face value. How much money did they gain/loss from this bond
What is the after-tax cash flow from the asset sale : Juicy Everyday Corp. purchased a $2 million bottling machine 5 years ago. It paid another $60,000 to transport and install it. The machine was depreciated.
What oppurtunity cost by taking into consideration industry : Explain what is oppurtunity cost by taking into consideration an industry (for example : e-commerce , retail , food etc ) or any specific company.
Why a crm system consists of databases : Why a CRM System consists of databases, data warehouses, and data mining?
What gain or loss should O report on the retirement : On 03-01-22, called in all of the bonds at the call price of 103. What gain or loss should O report on the retirement of the bonds

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain is the use of non-gaap financial measures unethical

Explain Is the use of non-GAAP financial measures unethical? how a company might use the accounting rules for impairment of long-lived assets to manage earnings

  The county of maxwell decides to create a sanitation

the county of maxwell decides to create a sanitation department and offers its services to the public for a fee. as a

  What bottom up budgeting means

Department manager's perspective, describe what "bottom up budgeting" means and two reasons why this is an effective method for the budgeting process.

  Compute minimum sample size needed

Compute minimum sample size needed, using a prior study that found that 3636% of the respondents said they are confident with their country's banking system.

  Calculate predicted monthly cost of banking with each bank

Another branch of the bank had expertise in the audio industry and would be willing to help as needed. This bank was the first one to submit a bid.

  Analyze the quality of the company existing products

Analyze the quality of the company's existing products or services. Try answering the following questions about returns on the new product or service.

  What controls are in place

An accountant for small business is suspected of writing checks to "dummy" vendors and collecting the money himself. What controls are in place

  Deductible expenses as business expenses

However, Judy paid him $55,000 rather than $33,000. Judy is on the cash method and calendar year, and she wants to know what amount of these expenditures is deductible as business expenses.

  Last year 2011 solomon condos installed a mechanized

last year 2011 solomon condos installed a mechanized elevator for its tenants. the owner of the company sam solomon

  Prepare a statement of cash flows in good form

Prepare a statement of cash flows in good form for the year using the direct method for operating activities

  Determining the nontaxable return of capital

On the last day of Year 3 Candy Corp. makes a $12,500 cash shareholder distribution, distributed equally among its two shareholders, Goode and Plenteau. How much of Goode's distribution is a nontaxable return of capital? Assume sufficient basis in..

  What is the amount of amortization expense

Day Company purchased a patent on January 1, 2010 for $360,000. The patent had a remaining useful life of 10 year at that date. In January of 2011, Day successfully defends the patent at a cost of $162,000, extending the patent's life to 12/31/22...

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