Reference no: EM131106967
1. On January 5, 2010, Phelps Corporation received a charter granting the right to issue 5,000 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 50,000 shares of $10 par value common stock. It then completed these transactions.
Jan. 11 Issued 20,000 shares of common stock at $16 per share.
Feb. 1 Issued to Sanchez Corp. 4,000 shares of preferred stock for the following assets: machinery with a fair market value of $50,000; a factory building with a fair market value of $160,000; and land with an appraised value of $270,000.
July 29 Purchased 1,800 shares of common stock at $17 per share. (Use cost method.)
Aug.1 0Sold the 1,800 treasury shares at $14 per share
Dec. 31 Declared a $0.25 per share cash dividend on the common stock and declared the preferred dividend.
Dec. 31 Closed the Income Summary account. There was a $175,700 net income.
(a) Record the journal entries for the transactions listed above.
(b) Prepare the stockholders' equity section of Phelps Corporation's balance sheet as of December 31,2010.
|
Question regarding the empirical formula
: A compound is found to contain 49.5% carbon, 5.19% hydrogen, 16.5% oxygen, and 28.9% nitrogen. Its molecular mass is 194.2 g/mol. What is its empirical formula? What is its molecular formula?
|
|
What do you think of the profile presented by the article
: Developed in academia or similar professional settings? How would you suggest using this profile's results to improve the accuracy of future profiles?
|
|
Determine what order service configuration packer should use
: Develop a model to assist Rachel and solve the model to determine the optimal routes. Determine what order service configuration the Packers should use to achieve their goals and explain your recommendations.
|
|
Discuss and compare results in discussion forum vaers
: Summarize your findings and discussions in 4 pages and submit under group assignment VAERS. Include your interpretation of your findings and other issues such as data gaps, limitations, strength of associations, and any hypotheses you may have c..
|
|
Record the journal entries for the transactions listed above
: On January 5, 2010, Phelps Corporation received a charter granting the right to issue 5,000 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 50,000 shares of $10 par value common stock.
|
|
What is the mole ratio
: The compound KClO3 decomposes according to the following equation: 2KClO3 --> 2KCl + 3O2 a) What is the mole ratio of KClO3 to O2 in this reaction? b) How many moles can be produced by letting 6.0 moles of KClO3 react based on the above equation?
|
|
Marginal and conditional distributions
: Suppose X is uniformly distributed on (0, 2). If X = x, then Y is uniformly distributed on (0, x). Find the joint, marginal, and conditional distributions of X and Y.
|
|
Specific type of a molecule
: Explain why each enzyme only acts on a specific molecule or a specific type of a molecule?
|
|
Use geometric probability to find the cdf
: Suppose X and Y are uniformly distributed on (0,1) and are independent. Show how to use geometric probability to find the CDF and density function of Z = Y /X. (Hint: there are two cases to consider.)
|