On jan 1 2013 richard sales isued 40000 of common stock at

Assignment Help Financial Accounting

Reference no: EM13379828

On Jan 1, 2013, Richard Sales isued 40,000 of common stock at a price of $22 per share. The stock has a par value of $1.00 per share. In mid- 2014 due to dramatic increases in profits, the stock reached a market value of $90 per share. The board of directors approved a 2- for -1 split. After the stock split, what will the balance sheet show as the par value of common stock?

Reference no: EM13379828

Questions Cloud

1what are the differences and similarities in audits of : 1.what are the differences and similarities in audits of financial statements compliance audits and operational

In the normal course of performing their responsibilities : in the normal course of performing their responsibilities auditors frequently conduct examinations or reviews of the

1what is an audit2explain the followingastandard : 1.what is an audit?2.explain the followingastandard auditbpartial auditccomplete or detailed audit3.what is an

Select a company that you are familiar with from the : select a company that you are familiar with from the transportation industry.collect the 4 main financial statements

On jan 1 2013 richard sales isued 40000 of common stock at : on jan 1 2013 richard sales isued 40000 of common stock at a price of 22 per share. the stock has a par value of 1.00

Lower of cost or marketleaders company has five products in : lower of cost or marketleaders company has five products in its inventory. information about the december 312011

Dollar-value lifo retailon january 1 2011 the granma hat : dollar-value lifo retailon january 1 2011 the granma hat company adopted the dollar-value lifo retail method. the

Supplemental lifo disclosures lifo reservemarysteel inc is : supplemental lifo disclosures lifo reservemarysteel inc. is the global leader in providing furniture for office

Inventory cost flow methods perpetual systemmarcus comp : inventory cost flow methods perpetual systemmarcus comp uses a perpetual system. the following transactions affected

User Account

All Pages