User Account

All Pages

What is the total amount in the common shares account at dec

Assignment Help Financial Accounting
Reference no: EM132841399

Icon Corp. was organized on January 1, 2020, with 300,000 no par value common shares authorized. During 2020 the corporation had the following share transactions:

  1. January 4 issued 120,000 shares at $10 per share
  2. March 8 issued 40,000 shares at $11
  3. May 7 Purchased 15,000 shares at $12 and cancelled them
  4. July 6 issued 30,000 at $13
  5. August 27 Issued 10,000 shares at $14

Problem 1: What is the total amount in the common shares account at December 31, 2020

Reference no: EM132841399

Questions Cloud

Explain one piece national piece of legislation : Explain one piece national piece of legislation and one local piece of legislation which is relevant to financial management in the organisation.
Prepare the journal entry to record the replacement : Prepare the journal entry to record the replacement of the hot tubs returned under warranty in 2020, Ignore taxes for this entry
Calculate what amount of cash and cash equivalents : Full Moon Auto Repairs, Calculate what amount of cash and cash equivalents that will be reported on Full Moon's December 31, 2017 balance sheet.
Write explanation of some beliefs and traditions of culture : Explanation of the key attributes of the culture's music, including melody, harmony, timbre, texture, rhythm and form. (If the style of music you choose does).
What is the total amount in the common shares account at dec : What is the total amount in the common shares account at December 31, 2020? Icon Corp. was organized on January 1, 2020, with 300,000 no par value common share.
Conducting illegal and unethical activities : -Why are business executives, managers, and employees repeatedly being caught conducting illegal and unethical activities?
How effective was the communication message : Time to explore! Find a communication message about a health outbreak (this can be past or present) and include the link in your post. What is the health issue.
What would be realized portion of unrealized gain for year : John Inc.,What would be realized portion of the unrealized gain taken into income for year ended on December 31, 2020 arising from John's investment in Jinxtor?
Elaborate on the importance of selling from perspective : Based on the two, company and executive profiles, elaborate on the importance of selling from the perspective of these two profiles.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find which bond would choose to minimize losses

Find Which bond would choose to minimize losses? IBM bond is a 6% coupon bond. Ford bond is a 10% coupon bond. Both bonds have 10 years

  Find what is the construction in progress

What is the construction in progress, net as of 2015? The building was estimated to be built at a total cost of P 15,000,000 and is scheduled for completion.

  Over 1990s the loewen group expanded from funeral homes to

over 1990s the loewen group expanded from funeral homes to cemeteries partly financed by 2 billion of bonds and 300

  Determine the number of units that must be sold to earn

Determine the number of units that must be sold to earn an operating income of $234,000 per month. (Round your answer to the nearest whole number.)

  Compute the depreciation expense for the second year

If uses the double diminishing-balance method of depreciation, the depreciation expense for the second year after purchase would be

  A balance sheet and income statement

A financial statement analysis of the 2014 and 2015 data complete with a horizontal analysis, a vertical analysis and the appropriate financial statement ratios.

  How much interest will earn in the first year

How much interest will you earn in the 10th year? How much interest will you earn in the second year? How much interest will you earn in the first year?

  Determine the gain that razzle should recognize

Courtney owns a 70% interest in Razzle Partnership and an 85% interest in Dazzle Partnership. IN August, 2015, Dazzle sold land to Razzle for $2.3 million. The land had a basis to Dazzle of $2.5 million. In September 2015, Razzle sold the land to an ..

  Discuss and explain the provision of partnership act

In the absence of no agreement in partnership discuss and explain the provision of partnership act

  Calculate pension expense for 2016 and 2017

Calculate Pension expense for 2016 and 2017 and Prepare the journal entries for 2016 and 2017 to record pension expense

  Prepare the necessary journal entries to record

Prepare the necessary journal entries to record the following transactions relating to the long-term issuance of bonds by Glendale Corp.

  Regard to the gates investment

Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000. During 2011 Gates reported net income of $150,000 and paid dividends of $50,000. During 2012 Gates reported net income o..

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