Solution-Prepare stockholders equity section of company

Prepare stockholders equity section of company balance sheet

Assignment Help Financial Accounting

Reference no: EM131098547

Tower International stock split?

On January 15, 2010, the board of directors of Tower International declared a 3-for-1 stock split of its $12 per value common stock, of which 3,200,000 shares were authorized and 800,000 were issued and outstanding. The market value of that date was $45 per share. On the same date, the balance of additional paid-in capital was $16,000,000, and the balance of retained earnings was $32,000,000. Prepare the stockholders' equity section of the company's balance sheet before and after the stock split. What entry, if any, is needed to record the stock split?

Reference no: EM131098547

Questions Cloud

Inflation-unemployment trade-off : Evaluate why policymakers face a short-run trade-off between inflation and unemployment. Evaluate why the inflation-unemployment trade-off disappears in the long run.

Nick consumer surplus from the resale : Nick is thrilled, since he would have paid Andrew up to $80 for the cannon. Andrew is also delighted. What is Nick's consumer surplus from the resale?

Does the uniform pricing monopolist make profit : Suppose a uniform pricing monopolist’s price equation is P(Q) = 100 – 2Q; the uniform pricing monopolist’s marginal revenue is MR(Q) = 100 – 4Q; the uniform pricing monopolist’s total cost is C(Q) = 2Q2 + 12Q + 50; and the uniform pricing monopolist’..

Problem regarding the course completion : Thinking back on what you have learned in this course, identify the single most important economic principle learned and explain why it was more significant than any other principle or concept.

Prepare stockholders equity section of company balance sheet : Prepare the stockholders' equity section of the company's balance sheet before and after the stock split. What entry, if any, is needed to record the stock split?

Determine the country productivity : The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United Stat..

How much office overhead is over or underapplied : Provide the journal entries for each of these transactions. How much office overhead is over or underapplied? Determine the gross profit on the Obsidian case, assuming that over or underapplied office overhead is closed monthly to cost of..

The critical-chain project management : This section points out the very common phenomenon of people padding the time estimates by "just in case" safety and project managers adding a safety to the project completion time.

Reserves account and increase the loans account : Suppose the owners of the bank borrow $100 to supplement their existing reserves. This would increase the reserves account and increase the loans account. This would also bring the leverage ratio from its initial value of1.95to a new value of3.94.

User Account

All Pages

Prepare stockholders equity section of company balance sheet

Reference no: EM131098547

Reference no: EM131098547

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT