Make statement of shareholders equity for Inge Co

Assignment Help Accounting Basics
Reference no: EM132667884

Question - Given the Statement of shareholders Equity

Bonds payable, 8%, due in 5 years 80,000

Premium on bonds payable 8,000

Additional paid-in capital, preferred stock 17,600

Net gain on foreign currency translation 41,000

Cash dividend payable, common stock 9,000

Stock dividend distributable, common stock 10,000

Sinking fund 37,000

Additional paid-in capital, common stock 32,400

Net actuarial loss on pension obligation 11,000

Investment in U.S. Treasury notes 24,000

Treasury stock, common stock, at cost of $100 per share 60,000

Preferred stock, $10 par value, 6%, 100,000 shares authorized, ? shares issued, ? shares outstanding 200,000

Reserve for sinking fund 37,000

Retained earnings, unappropriated 263,000

Common stock, $ ? stated value, ? shares issued, 24. 400 outstanding  100,000

Required - Using the applicable information from the above listing, make statement of shareholders' equity for Inge Co., as of December 31, 2020.

Reference no: EM132667884

Questions Cloud

Describe any legal or ethical challenges convergence create : Prior to beginning work on this discussion forum, read Appendix A in the course textbook, Using Financial Accounting Information: The Alternative to Debits.
What are the performance management cost : What are the performance management cost and time-consuming organizations should focus on annual appraisals instead. provide the ans with one example.
Describe three ways in which this advice might be incorrect : To increase a company's performance, a manager suggests that the company needs to increase the value of its product to customers. Describe three ways in which.
What is the open market operation of the fed : What is the open market operation of the Fed? How do the open market operations work, and what are the effects on the money supply and the economy?
Make statement of shareholders equity for Inge Co : Using the applicable information from the above listing, make statement of shareholders' equity for Inge Co., as of December 31, 2020
What amount of interest expense related to the bonds : What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2020
Find the level of desired investment in the economy : Assuming that output equals full-employment output, what is the level of desired investment in the economy? Round your answer to at least 2 decimal places.
Assignment on money supply : Suppose further that the reserve-deposit ratio (rr) is 1 (i.e., 100-percent-reserve banking). What is the money supply when the cash-deposit ratio
Compute the amount of manufacturing overhead costs : For 2019, Tiger's Animal Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. Compute the amount of manufacturing overhead costs

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd