Reference no: EM132789048
Question - Barcelona Company reports the following components of stockholders' equity on January 1.
Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $500,000
Paid-in capital in excess of par value, common stock 75,000
Retained earnings 410,000
Total stockholders' equity $985,000
During the year, the following transactions affected its stockholders' equity accounts.
Jan. 2 Purchased 5,000 shares of its own stock at $23 cash per share.
Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.
Feb. 28 Paid the dividend declared on January 5.
July 6 Sold 1,900 of its treasury shares at $27 cash per share.
Aug. 22 Sold 3,100 of its treasury shares at $20 cash per share.
Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.
Oct. 28 Paid the dividend declared on September 5.
Dec. 31 Closed the $228,000 credit balance (from net income) in the Income Summary account to Retained Earnings.
Required - Make the necessary journal entries.
|
Summarize the new lease accounting rules
: Identify the present rules for evaluating a lease and whether it is capitalized or not. Summarize the new lease accounting rules.
|
|
Calculate the appropriate one-sided confidence interval
: Marketing companies widely use surveys in order to monitor the opinions of the consumers. Last year, a survey was undertaken to ask consumers
|
|
What is the amount of interest expense
: Sterling issued $3,000,000 of 10-year, What is the amount of interest expense and interest paid to record in June 30 and December 31, 20x6
|
|
What you can learn from participating
: Write 3 service learning objectives including what you can learn from participating (at a local food pantary). Each of the 3 objectives must be primary, seconda
|
|
Make the necessary journal entries
: Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $500,000. Make the necessary journal entries
|
|
Support limits and bans on cfc production
: 1. What would you recommend Joe Glas do? a. Work to delay regulation on CFCs? b. Support limits and bans on CFC production?
|
|
Supply chain management-value of supply chain
: Supply chain management is a complex undertaking that must involve more than one organization's efforts to succeed. A tremendous amount of skill
|
|
What is the payoff from the option
: Assume Call and Put options on IBM Stock have a strike of $30 have premia of $1 and $3 respectively. What is the payoff from the option
|
|
Calculate the terminal value
: Calculate the terminal value of the 401(k) plan for Option 1, assuming all returns and contributions remain constant over the 15 years
|