Reference no: EM139760
Make of statement of stockholders' equity
A company had the following balances in its stockholders' equity accounts at December 31, 2004:
Common stock, $10 par, 50,000 shares authorized, 20,000 shares issued $200,000
Contributed capital in excess of par value, common 250,000
Retained earnings 500,000
Treasury stock, 1,000 shares -20,000
Total stockholders' equity $930,000
The following occurred during 2005:
1) February 3 - Sold and issued 3,000 shares of common stock for a sell price of $72 per share.
2) May 10 - Declared a $0.50 per share cash dividend on common stock.
3) October 12 - Sold 500 shares of treasury stock for $20 per share.
4) December 31 - Net income for the year is $75,000.
Required:
1) Prepare a statement of stockholders' equity IN GOOD FORMAT for 2005.
2) Show your work. Please show your supporting calculations and label them to indicate which numbers in the statement they are supporting.
|
Find two ways to finance
: Identify two ways to finance the remaining $20,000 you will need, so you can pay all of the liabilities when they are due
|
|
Determining the amount of ordinary income
: The corporation elected S corporation status at the starting of 2011. On February 13, 2012, the property was sold for $40,000, payable in 4 yearly instalments of $10,000 plus interest. What is the amount of ordinary income to be reported from the s..
|
|
Evaluate the effect on the profit of the whole company
: What would be the effect on the profit of the whole company, if the Training Centre was closed at the beginning of the New Year? Given the allocated costs at 10% of revenue, calculate the number of workshops that must be offered to break-even.
|
|
Habit of psychological perspectives
: In this assignment you will evaluate the acquisition and maintenance of your habit by using the given four psychological perspectives:
|
|
Make of statement of stockholders'' equity
: Make of statement of stockholders' equity and A company had the following balances in its stockholders' equity accounts at December
|
|
Cost recovery deduction of asset
: The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.
|
|
Marginal tax rate and effective tax rate
: Calculate the marginal tax rate and the effective tax rate for each of the C corporations. Explain why the marginal tax rate for a C corporation can exceed 35%, but the effective tax rate cannot.
|
|
Effect on net income of a change in sales volume
: Knowledge about the behavior pattern of a cost is important to understanding the effect on net income of a change in sales volume because as sales volume changes and When a firm has financial leverage
|
|
Representative sample of all americans
: To interpret scores on it, he is presently giving the test to a representative sample of all Americans.
|