What amount should be reported in stockholders equity

Assignment Help Accounting Basics
Reference no: EM132583494

Question 1: The Mills Corporation was started several years ago and incorporated in the state of Delaware. The company was granted the authorization to issue 250,000 shares of $10 per share par value common stock. At that time, 30,000 shares were issued for cash of $12 per share. Last year, another 10,000 shares were issued for cash of $19 per share. Early in the current year, the company issued 12,000 shares of this common stock as a stock dividend when the fair value was $30 per share. For the 52,000 shares that are now outstanding, what amount should be reported in stockholders' equity as additional paid-in capital ?

Option 1: $150,000

Option 2: $310,000

Option 3: $220,000

Option 4: $390,000

Reference no: EM132583494

Questions Cloud

Write an extremely professional report to the C-suite : Writing an extremely professional, no-more-than 2-page letter/report to the C-suite, with the focus being on one or more areas that need attention
What is total amount of income tax expense to be recognized : The enacted tax rate is 30 percent for Year One and 32 percent in periods after that. What is total amount of income tax expense to be recognized in Year One?
How does justice relate to ethical decision making : Is the IMA Code of Conduct primarily a deontological, teleological, or mixed approach? Why? How does justice relate to ethical decision making?
Distinguish common-law liability vs statutory liability : Is there a conceptual difference between an error and negligence from a reasonable care perspective? Give examples of each in your response.
What amount should be reported in stockholders equity : For the 52,000 shares that are now outstanding, what amount should be reported in stockholders' equity as additional paid-in capital ?
Coefficient of friction between clothes and earth : A 71-kg base runner begins his slide into second base when he is moving at a speed of 3.0 m/s.
Determine the work done by the applied force : A block of mass m = 2.50 kg is pushed d = 2.80 m along a frictionless horizontal table by a constant applied force of magnitude
Compute sj positive or negative cash flow : Compute SJ's positive or negative cash flow. Assume that SJ is solvent, any recognized loss is fully deductible, and SJ's marginal tax rate is 21 percent.
Determine the magnitude of the frictional torque : If the moment of inertia of the wheel about its axle is 0.26 kg·m2, what is the magnitude of the frictional torque?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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