User Account

All Pages

Percy used the cost method to record the purchase and

Assignment Help Accounting Basics
Reference no: EM13598249

Percy Corporation was organized on January 1, 2010, with an authorization of 1,200,000 shares of common stock with a par value of $6 per share. During 2010, the corporation had the following capital transactions:

  • January 5 issued 675,000 shares @ $10 per share
  • July 28 purchased 90,000 shares @ $11 per share
  • December 31 sold the 90,000 shares held in treasury @ $18 per share

Percy used the cost method to record the purchase and resistance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2010?

Reference no: EM13598249

Questions Cloud

Flaxco purchases inventory from overseas and incurs the : flaxco purchases inventory from overseas and incurs the following costs the cost of the merchandise is 50000 credit
A company had inventory of 10 units at a cost of 20 each on : a company had inventory of 10 units at a cost of 20 each on november 1. on november 2 it purchased 10 units at 22 each.
When would we use present value calculations when would we : a. when would we use present value calculations? when would we use future value calculations? which is more likely to
What does the time value of money mean why is this concept : what does the time value of money mean? why is this concept important in accounting? under what circumstances would we
Percy used the cost method to record the purchase and : percy corporation was organized on january 1 2010 with an authorization of 1200000 shares of common stock with a par
On january 1 2010 shaw co sold land that cost 210000 for : on january 1 2010 shaw co. sold land that cost 210000 for 280000 receiving a note bearing interest at 10. the note will
Under the new activity-based costing system what amount of : monrovia bike corporation manufactures two models of bicycles the gully runner and the claim jumper. in the past
Melton company sold some machinery to addison company on : melton company sold some machinery to addison company on january 1 2010. the cash selling price would have been 568620.
Your firm is contemplating the purchase of a new 720000 : your firm is contemplating the purchase of a new 720000 computer-based order entry system. the system will be

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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