Reference no: EM132484046
Question 1: Allied Industries, Inc. has 250,000 shares of $7-par common stock outstanding. They have declared a 7% stock dividend. The current market price of the common stock is $11/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date declaration?
250,000.00 x 7.00 = 1,750,000.00
credit to pay extra 1,750,000.00 x .07 = 122,500.00
250,000.00 - 1,750,000.00 = 1,000,000.00
Current $11.00 share 250,000.00 x 11.00 = 2,750,000.00
Question 2: An asset has a cost of $50,000, with a residual value of $10,000. It has a life of 5 years and was purchased on January 1. Under double-declining-balance, what's the asset's fourth full year of depreciation expense?
|
Describe a holistic approach to patient care
: Describe a holistic approach to patient care. Why is it important for a behavioral health provider to collaborate with other providers? How might you as.
|
|
What is the importance of the sp 500 index
: What is the importance of the S&P 500 Index. What was the Index on December 31 for the last 5 years? What is an estimate for the S & P 500 on December 31, 2020?
|
|
What is the external financing needed
: What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
|
|
Describe article on the topic of psychology
: Using google scholar, you must choose a scholarly journal article on the topic of psychology. You may choose any article you feel contributes to the field.
|
|
What is the asset fourth full year of depreciation expense
: It has a life of 5 years and was purchased on January 1. Under double-declining-balance, what's the asset's fourth full year of depreciation expense?
|
|
Wacc for capital budgeting applications
: What implicit assumptions are needed to use the WACC for capital budgeting applications?
|
|
Describe various components of a bond promised return
: Describe the various components of a bond's promised return to investors (promised yield or yield to maturity). Do not confuse it with the bond expected return.
|
|
Define communication and social strategies skills
: Eleven-year-old Willis does not speak, but uses an iPad with special software to communicate his wants, needs, ideas, tell jokes, interact with friends.
|
|
What is journal entry to close the income summary account
: What is the journal entry to close the Income Summary account? JenWu Corporation December 31, 2018 shareholders' equity section of the balance sheet
|