User Account

All Pages

What is the credit balance in Paid-in Capital

Assignment Help Accounting Basics
Reference no: EM133032433

Problem - The following are facts about the activities of Shoemaker Company, a new company.

a. Reacquired 20,000 shares of its own stock for a total of $380,000.

b. Sold 6,000 shares of treasury stock for $24 per share.

c. Sold 2,800 shares of treasury stock for a total of $44,800.

Required - What is the credit balance in Paid-in Capital from Sale of Treasury Stock after part (c)?

Reference no: EM133032433

Questions Cloud

How much is goodwil on consolidated financial statement : Assuming the consideration paid includes control premium of P142,000, how much is the goodwill/(gain on acquisition) on the consolidated financial statement
Evaluate the safety and efficacy : Evaluate the Safety and Efficacy - share the data collected on your ten patients, and share your understanding of the team study
Discuss the growing importance of interpersonal skills : Discuss the growing importance of interpersonal skills in the workplace and Define group cohesion and give an example in your own life experience
Determine the balance in the retained earnings at January : Determine the balance in the retained earnings at January 1, 2020, as Fieri reported previously using the FIFO method
What is the credit balance in Paid-in Capital : Reacquired 20,000 shares of its own stock for a total of $380,000. What is the credit balance in Paid-in Capital from Sale of Treasury Stock
Show Accumulated depreciation account - Motor vehicle : Purchased motor vehicles on 1 July 2016 totaling $40,000, paying by cheque. Show Accumulated depreciation account - Motor vehicle
Prepare the journal entry to record Tanner-UNFs investment : Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2016 and interest on December 31, 2016, at the effective (market) rate.
Complete an article review - global marketing : Complete an article review - Global marketing and sales strategies and Global implementation planning
What are the legal requirements that a third party : What are the legal requirements that a third party has to satisfy to successfully sue an auditor for negligence

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the figure that would be disclosed as earnings

Calculate the figure (correct to one decimal place) that would be disclosed as earnings per share for the year ended 31 December 20X2

  Prepare a book to tax reconciliation

Advance Tax Topics - Comprehensive Problem: Book to Tax Reconciliation. Your job is to prepare a book to tax reconciliation

  Should Jermaine itemize or take the standard deduction

Jermaine's filing status is single, he has AGI of $50,000, and he has the following expenses for 2018: Should Jermaine itemize or take the standard deduction

  A sports bar and grill in birmingham

Rodney owns 4 businesses and wants you to help with his tax return. Based on the following information, explain how you would add these activities to his 1040 form and list the forms needed along with what would be included on each form. Wha..

  Person who is shown his or her argument commits

"Julie started carrying a rabbit's foot, then she won the lottery. The rabbit's foot must have caused her to win the lottery"

  Discuss the three separate situations

The following three separate situations require adjusting journal entries to prepare financial statements as of April 30.

  Prepare the general journal entries for brown company

Prepare the general journal entries for Brown Company for: (a) the 2008 adjusting entry. (b) the sale of the Thomas Corp. stock

  How company core values related to its corporate culture

Today, Zappos is owned by Amazon.com who purchased the company for $1.2 billion in 2010. How company core values related to its corporate culture

  What is the maximum CCA deduction that H can claim

At the same time H purchased a new passenger vehicle for $46,000 plus HST. What is the maximum CCA deduction that H can claim in the current year

  Allowance method and assume that a periodic inventory

The inventories of the Berry Company for the years 2010 and 2011 are as follows:

  Evaluate legal ethical and cultural implications

In this Application Assignment you review some case studies related to evidence-based practice and search for published research that could guide your decision making. You also evaluate legal, ethical, and cultural implications for your decision.

  Demonstrates ethical scholarship in accurate representation

demonstrates ethical scholarship in accurate representation and attribution of sources; and displays accurate spelling, grammar, and punctuation.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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