User Account

All Pages

Prepare the stockholders equity section

Assignment Help Managerial Accounting
Reference no: EM133000708

Question - The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 3,500 shares of common stock. During a two-month period, Evergreen completed these stock-issuance transactions:

Mar. 23 Issued 210 shares of $1 par value common stock for cash of $10 per share.

Apr. 12 Received inventory with a market value of $25,000 and equipment with a market value of $16,000 for 350 shares of the $1 par value common stock.

Apr. 17 Issued 900 shares of 6%, $50 par value preferred stock for $50 per share.

Requirements -

1. Record the transactions in the general journal.

2. Prepare the stockholders' equity section of the Evergreen balance sheet as of April 30, 2016, for the transactions given in this exercise. Retained Earnings has a balance of $73,000 at April 30, 2016?

Reference no: EM133000708

Questions Cloud

What is the ecommerce approach : eCommerce Assignment - What is the eCommerce Approach you Plan to take and Why did you Choose these Products
What would the total variance be : The fixed costs were the same as originally budgeted. What would the total variance be if the company used a static budget instead of a flexible budget
Prepare all of garcia journal entries to apply equity method : Prepare all of Garcia's journal entries for 2020 to apply the equity method. On January 4, 2020, Garcia Corporation purchased 30% of the outstanding
Estimate the cost formula for manufacturing overhead : Using the high-low method, estimate the cost formula for manufacturing overhead. Assume that both direct material and direct labour are variable costs
Prepare the stockholders equity section : Prepare the stockholders' equity section of the Evergreen balance sheet as of April 30, 2016, for the transactions given in this exercise
How would expect the portfolio rate of return : Find What are the expected return and standard deviation of a portfolio consisting of 70 percent of Stock A and 30 percent of Stock B?
Compute the industrial building allowances : Compute the industrial building allowances and balancing charges/allowances (if any) for VAG Bhd for the relevant years of assessment until year of assessment
Would the price of gs bond be lower or higher : If GS issued the same bond (same coupon rate, face value and time to maturity) with 'callable' feature. would the price of GS Bond be lower or higher?
Calculate the firm wacc adjusted for taxes : Calculate the firm's WACC adjusted for taxes. The number of securities outstanding, the current market price, and the required rate of return for the securities

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine cost of completed and transferred-out production

Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.

  What were the labour variances for the month

What were the labour variances for the month? Standard labour hours per unit of output- 8.3 hours. Standard labour rate- $12.10 per hour

  Journalize entries to record transactions of for inc parks

Journalize the entries to record transactions. Issued 50,000 shares of common stock at $30, receiving cash. Issued 13,000 shares of preferred 2% stock at $92.

  What is its average payment period

Question - If a firm has a cash cycle of 44 days and an operating cycle of 118 days, what is its average payment period

  Compute the overall equipment effectiveness

Total output this week (including defects) 17,600 units. Ideal run rate 2.00 units per minute. Compute the overall equipment effectiveness (OEE)

  Calculate the companys predetermined overhead rate

Calculate the companys predetermined overhead rate for the year and complete the job cost sheet for the two jobs worked on in June:

  Develop an inventory for ordering a quantity

Develop an inventory for ordering a quantity form the supplier and producing a quantity in house.

  What is value delivery system

What is value delivery system how should know whether the value delivery system of the company aligns with its value proposition.

  What the august cash disbursements for manufacturing

The company's budgeted fixed manufacturing overhead is $43,190 per month, What the August cash disbursements for manufacturing

  How to calculate the manufacturing cycle efficiency

Calculate the manufacturing cycle efficiency. (Round your percentage answer to 1 decimal place. (i.e., 0.123 should be entered as 12.3))

  Determine the total cost per unit of the three products

Peabody uses a traditional costing system, with overhead allocated based on direct labor hours. Compute the total cost per unit of the three products.

  The applicability of standard costing

The applicability of standard costing in modern manufacturing environments in volatile environments

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