The following accounts appear in the ledger of sather inc

Assignment Help Accounting Basics
Reference no: EM13572974

The following accounts appear in the ledger of Sather Inc. after the books are closed at December 31, 2012.

Common Stock (no-par, $3 stated value, 411,400 shares authorized, 382,600 shares issued)
$ 1,147,800
Paid-in Capital in Excess of Stated Value-Common Stock
1,143,300
Preferred Stock ($54 par value, 8%, 41,210 shares authorized, 16,360 shares issued)
883,440
Retained Earnings
932,700
Treasury Stock (8,670 common shares)
60,690
Paid-in Capital in Excess of Par Value-Preferred Stock
32,910
prepare the stockholders' equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion.

Reference no: EM13572974

Questions Cloud

Scooter libby corp ises a periodic inventory system in 2011 : scooter libby corp. ises a periodic inventory system. in 2011 they made a very large purchase so large that they didnt
The firm will also incur expenses in the amount of 150000 : security brokers inc. specializes in underwriting new issues by small firms. on a recent offering of beedles inc. the
The products salesprice is 400 what is the companys : a companys fixed operating costs are 500000 itsvariable costs are 3.00 per unit and the products salesprice is 4.00.
If the firm did not take discounts but it did pay on the : suppose a firm makes purchases of 3.65 million per year under terms of 210 net 30 and takes discounts.a. what is the
The following accounts appear in the ledger of sather inc : the following accounts appear in the ledger of sather inc. after the books are closed at december 31 2012. common
The dividend is expected to grow at a constant rate of 6 a : stock currently sells for 20 a share.nbsp it just paid a dividendd of 1.00 a share.nbsp the dividend is expected to
On january 1 tellier corporation had 62100 shares of no-par : on january 1 tellier corporation had 62100 shares of no-par common stock issued and outstanding. the stock has a stated
Thompson purchases under terms of 210 net 30 but it can : the thompson corporation projects an increase in sales from 1.5 million to 2 million but it needs an additional 300000
Identify three websites that you plan to use for your : identify three websites that you plan to use for your research on a paper to convince. when evaluating think of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the total price and quantity variances for

the following direct materials and direct labor data pertain to the operations of laurel company for the month of

  Select an exclusion from income

Please select an exclusion from income. Explain the exclusion and its purpose. What do you think the congressional intent was for this exclusion?

  Problem related to stock price

Warner Motors' stock is trading at $20 a share. Call options that expire in three months with a strike price of $20 sell for $1.50. Which of the following will occur if the stock price increases 10%, to $22 a share?

  Liability for stamp redemptions

If all the stamps sold in 2007 were presented for redemptionin 2008, the redemption cost would be $5,200,000. What amount should Hairston report as a liability for stamp redemptions at December 31, 2007?

  How much interest expense can major healy deduct

How much interest expense can Major Healy deduct as an itemized deduction - How much interest expense can Major Healy deduct as an itemized deduction?

  Depreciation period used by the lessee

For a leased asset under a lease that qualifies as a capital lease, the depreciation period used by the lessee must be:

  Using information from your text and at least one scholarly

using information from your text and at least one scholarly source compare strengths and weaknesses of capital

  Assuming that a 12 interest rate properly reflects the time

kiddy toy corporation needs to acquire the use of a machine to be used in its manufacturing process. the machine needed

  Analysis and comparison of the income statement items

Find the financial statements for 2 related companies and calculate the following ratios for each; current ratio, acid test ratio, debt ratio, equity ratio, acct receivable turnover, days sales uncollected, inventory turnover, days sales in invent..

  Amount of net manufacturing cost

Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end. What should be the amount of total manufact..

  Developing a tax file memorandum

Donovan Corporation, a calender year-end company, operates a profitable division in Jurisdiction A. In January 2010, Jurisdiction A enacted a tax law that changed the tax rate structure from 30% to 35%. Develop a tax file memorandum for a client ba..

  Describe the relevance and pertinence of ethics to business

1. discuss the relevance and pertinence of ethics to business?2. discuss how total human development becomes an issue

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd