Solution-The authorized share capital of the alfred cake

The authorized share capital of the alfred cake company is

Assignment Help Finance Basics

Reference no: EM13573741

The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the company"s books as follows:

Common stock ($.50 par value)	$40,000
Additional paid-in capital	10,000
Retained earnings	30,000
Common equity	80,000
Treasury stock (2,000 shares)	5,000
Net common equity	$75,000

a. How many shares are issued?

b. How many are outstanding?

c. Explain the difference between your answers to (a) and (b).

d. How many more shares can be issued without the approval of shareholders?

e. Suppose that Alfred Cake issues 10,000 shares at $2 a share. Which of the above figures would be changed?

f. Suppose instead that the company bought back 5,000 shares at $5 a share. Which of the above figures would be changed?

Reference no: EM13573741

Questions Cloud

Moore companys net income last year was 56000 and cash : moore companys net income last year was 56000 and cash dividends declared and paid to the company stockholders was

Leopard corporation has ordinary income from operations of : leopard corporation has ordinary income from operations of 50000 net long-term capital gain of 20000 and net short-term

Then goldman sachs went looking for buyers they lined up : on may 15 1997 the government of kuwait offered to sell 170 million bp shares worth about 2 billion. goldman sachs was

During the year carolyn lives with torie in his home for : during the year carolyn lives with torie in his home for 10 months and in her home for 2 months. under a

The authorized share capital of the alfred cake company is : the authorized share capital of the alfred cake company is 100000 shares. the equity is currently shown in the companys

Was manufacturing overhead underapplied or overapplied by : selected t-accounts for rolm company are given below for the just completed yearraw materialsmanufacturing

Calculate what johnson would receive from the japanese : spot rates. on june 1 johnson inc. received an order from a japanese customer for 2500000 yen to be paid upon receipt

Paris is a cash basis landlord an earthquake destroyed one : paris is a cash basis landlord. an earthquake destroyed one of his residential rental buildings. even though the lease

I have new assignment and it is about write a 1500 word : i have new assignment and it is about write a 1500 word essay on a guitarist of your choice.discuss the style of music

User Account

All Pages

The authorized share capital of the alfred cake company is

Reference no: EM13573741

Reference no: EM13573741

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT