Prepare the stockholders equity section as of april

Reference no: EM131977059

Problem

Skysong Company had the following stockholders' equity as of January 1, 2017.

Common stock, $5 par value, 18,400 shares issued $92,000
Paid-in capital in excess of par-common stock 303,000
Retained earnings 318,000
Total stockholders' equity $713,000

During 2017, the following transactions occurred.

Feb. 1 Skysong repurchased 2,100 shares of treasury stock at a price of $17 per share.
Mar. 1 880 shares of treasury stock repurchased above were reissued at $15 per share.
Mar. 18 480 shares of treasury stock repurchased above were reissued at $14 per share.
Apr. 22 610 shares of treasury stock repurchased above were reissued at $20 per share.

Prepare the stockholders' equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $135,000.

Reference no: EM131977059

Questions Cloud

What is footlocker reorder point : Footlocker experiences demand for a popular athletic shoe that is nearly constant at 800 pairs per week. The cost per pair is $54. It costs $72 to place.

Develop an outline of the project plan for the testing : Describe one to two different kinds of tests that can be performed for the Disaster Recovery Plan. (300 words)

Calculate the spring stiffness constant of the bungee cord : After reaching his lowest point, he oscillates up and down, hitting a low point eight more times in 35.2 s. He finally comes to rest 27.0 m below the level

Calculate the present value of growth opportunities : The market consensus is that ABC has an ROE = 15% and a beta of 1.2. It plans to maintain indefinitely its traditional plowback (retention) ratio of 40%.

Prepare the stockholders equity section as of april : Prepare the stockholders' equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $135,000.

What tools do you use in your work environment : There are many "tools" and applications available to the user that will facilitate ones work requirements.

Calculate the amplitude of the motion : An object with mass 4.5 kg is attached to a spring with spring stiffness constant k = 250 N/m and is executing simple harmonic motion.

Compute avoidable interest for skysong company : Compute avoidable interest for Skysong Company. Use the weighted-average interest rate for interest capitalization purposes.

Discuss about the web and database attacks : Share a website or resource that shows how to mitigate Webserver threats. Share with your classmates, and include links to any useful resource you find.

User Account

All Pages