Reference no: EM132589985
The stockholders' equity account balances of THE Company are given below:
January 1, 2021
Common stock ...................... 639,000
Paid-in capital - common stock .... 923,000
Retained earnings ................. 388,000
The common stock account at January 1 consisted of 71,000 shares at a $9 par value per share.
During 2021, THE Company entered into the following transactions:
February 1 Re-acquired 30,000 of the common shares for $16 per share
March 6 Re-issued 9,000 of the shares re-acquired on February 1 for $14 per share
June 17 Re-issued 7,000 of the shares re-acquired on February 1 for $21 per share
August 3 Issued 18,000 shares of previously un-issued common stock for $26 per share
November 11 Re-issued 11,000 of the shares re-acquired on February 1 for $13 per share
December 18 Declared and paid a $2 dividend per share on the outstanding shares of common stock
THE Company reported a net income of $300,000 for 2021.
Question 1: Calculate the balance in the retained earnings account at December 31, 2021.
|
Determine what was the return on equity
: Total debt to assets ratio of 55 percent. Its net income last year was $20,000. If the total debt was $160,000, what was the return on equity?
|
|
What are the pros and cons of this team being so autonomous
: Is Disney's team approach mostly suited to creative projects, or would it work equally well in other kinds of industries?
|
|
What financial market might a project sponsor go to
: What financial market might a project sponsor go to, to secure funding for a new basketball stadium in Los Angeles that could cost up to $3 billion dollars?
|
|
Suggest appropriate sampling design to investigate issues
: Identify the relevant population for the following research foci, and suggest the appropriate sampling design to investigate the issues, explaining why they are
|
|
Solve the balance in the retained earnings account
: Calculate the balance in the retained earnings account at December 31, 2021.Re-issued 9,000 of the shares re-acquired on February 1 for $14 per share
|
|
Causing stress and underperformance in the workplace
: Ava Jones has been employed in your department for six years. During her tenure she has been a valuable employee
|
|
Calculate the balance in treasury stock account at december
: Calculate the balance in the treasury stock account at December 31, 2021.March 6 Re-issued 9,000 of the shares re-acquired on February 1 for $14 per share
|
|
Identify legislations that organisations
: Identify legislations that organisations need to follow when developing mental health policies.
|
|
Achieving a competitive advantage
: Explain how the activities of a firm help in achieving a competitive advantage.
|