What is the number of shares issued on december

Assignment Help Financial Accounting
Reference no: EM132946023

On January 1, 2020, Addy Company had 110,000 shares issued and 100,000 shares outstanding. The entity had the following transactions in 2020:

March 1 - Issued 15,000 shares.
June 1 - Resold 2,500 shares of treasury.
September 1 Completed a 2-for-1 share split.

Problem 1: What is the number of shares issued on December 31, 2020?

a. 117,500

b. 250,000

c. 235,000

d. 230,000

Reference no: EM132946023

Questions Cloud

What is academic voice : What is academic voice
Determine the notional principals in pounds for a swap : Determine the notional principals in euros and pounds for a swap with semiannual payments that will help achieve the objective.
Examples of incentive problems and conflicts : Provide examples of incentive problems and conflicts of interests that the various gatekeepers may suffer from. Explain in brief.
Prepare the balance day journal entries for income tax : Prepare the balance day journal entries for income tax, including the change in the tax rate and the deffered tax asset and deferred tax liability accounts
What is the number of shares issued on december : What is the number of shares issued on December 31, 2020? On January 1, 2020, Addy Company had 110,000 shares issued and 100,000 shares outstanding.
How has the accounting profession dealt with the issue : How has the accounting profession dealt with this issue? The firm of Abernethy and Chapman was asked to do consulting work for Lakeside.
Define or explain research and development expenditure : Briefly describe the requirements of the standard regarding the revaluation of intangible assets after their initial recognition
Determine the quality spread differential : Given its asset structure, six-month LIBOR is the preferred index. Assume a notional principal of $15,000,000. Determine the quality spread differential (QSD).
What annual interest rate must earn to reach the goal : Your parents will retire in 20 years. What annual interest rate must they earn to reach their goal, assuming they do not save any additional funds?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare journal entries to account for the import purchase

There was no attempt to hedge the exposure to foreign exchange risk. Prepare journal entries to account for this import purchase.

  Show the provisions for depreciation-equipment account

Show the provisions for depreciation-equipment account. On 1 January 2016, George Bradshaw and Sons Ltd, purchased equipment at a cost of $2000000.

  Create an income statement for year using absorption costing

compute the unit product cost under both absorption and variable costing. Create an income statement for the year using absorption costing

  Purposes is contributed by the partner to the partnership

When property formerly used by a partner for personal purposes is contributed by the partner to the partnership which converts it to business or investment use, the partnership takes as its basis in the property for computing depreciation.

  Estimate the free cash flows to the firm for free cash inc

Estimate Free Cash Inc.'s year 3 terminal value. Estimate the free cash flows to the firm for Free Cash Inc. for each of the next three years.

  Accounts would be adjusted should the accounts be increased

xyz and company purchased supplies for $1600 on march 1, 2014. On December, 2014 XYZ had $1200 of supplies on hand. Some of XYZ'z accounts will need to be adjusted related to this transaction. Which accounts would be adjusted should the accounts be i..

  What are the tax consequences-gain or loss

Mark contributed $6000 cash to form a partnership as equal general partner, In 2016 the partnership sold for $5400 what are the tax consequences? Gain or Loss?

  What be the cost of goods sold using the gross profit method

Beginning inventory, January 1: $4,700. The company's gross margin ratio is 15%. Using the gross profit method, the cost of goods sold would be

  Character of the recognized gain from the sale of building

On May 2, 1986, Hannah acquired residential real estate for $450,000. Of the cost, $100,000 was allocated to the land and $350,000 to the building. On January 20, 2013, the building, which then had an adjusted basis of $0, was sold for $545,000 and t..

  Discuss the punishment for the offence if committed

Explain the elements of actus reus and mens rea necessary to determine whether Nona has committed theft or misappropriation against his property.

  Illustrate what amount of dividends will shareholder owning

No dividends have been paid to preferred shareholders. Illustrate what amount of dividends will a shareholder owning 100 shares receive in 2010 if Doe pays $ 1,000,000 in dividends?

  Prepare the journal entry assuming the payment

Bolton Garage Doors Corporation sold merchandise with a gross price of $22,500 to Sammy's Wholesale Company. Bolton offered terms of 2/10, n/30 and uses the gross method.

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