What is the book value of the common stock par account

Assignment Help Finance Basics

Reference no: EM131791895

Question: Spridget Company has 1 million shares of common stock authorized with a par value of $3 per share, of which 600,000 shares are outstanding. The company received $7 per share when it issued shares to the public.

Required: What is the book value of the Common stock par account and the Additional paid-in capital account?

Reference no: EM131791895

Questions Cloud

Why did novartis have to adjust financial reporting : Impact of introducing revised accounting standard on Employee Benefits in 2013 The Group introduced the revised IFRS accounting standard IAS 19 (R).

Describe the medieval idea of courtly love : Describe the Medieval idea of courtly love. Does Guillaume de Machaut's "I Can All Too Well Compare My Lady" reflect the idea of courtly love

Difference between preferred stock and common stock : Why does the SEC require companies to exclude redeemable preferred stock from shareholders' equity even when redemption is not mandatory?

Describe the goodwill impairment testing steps : Describe the goodwill impairment testing steps performed by Microsoft in 2012

What is the book value of the common stock par account : What is the book value of the Common stock par account and the Additional paid-in capital account?

Determine the safety stock appropriate for chemical bonding : Determine the safety stock appropriate for the chemical bonding agent

How financial instrument will affect company balance sheet : ForeEver Yours, Inc., a manufacturer of wedding rings, issued two financial instruments at the beginning of 2014: a $10 million, 40-year bond.

Complete a memorandum that explains the adjustments : FINA 5010 - Prepare the 2017 corporate tax return for Angie's Amazing Getups Incorporated using Tax Profile software - Complete a client transmittal letter

Problem based on gasb statement : Problem based on GASB Statement. The most significant change in GASB Statement 34 was the addition of two government wide financial statements.

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

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!

Submit Assignment

User Account

All Pages