User Account

All Pages

What is the total shareholders equity at december

Assignment Help Financial Accounting
Reference no: EM132865038

Question - The general ledger of Solitaire Corporation on December 31, 2021 showed the following balances of shareholders' equity account:

Authorized preference share capital, 100,000 shares 2,500,000

Unissued preference share capital 750,000

Authorized ordinary share, no par, 10 stated value 1,200,000

Unissued ordinary share capital 650,000

Share premium, preference share 500,000

Paid in capital in excess of stated value 150,000

Subscribed preference share capital 375,000

Subscription receivable-preference share due, due March 1, 2022 125,000

Retained earnings 525,000

Required -

1. How much was the total contributed capital, inclusive of the subscription receivable?

2. What is the total shareholders' equity at December 31, 2021?

Reference no: EM132865038

Questions Cloud

Find the total finished goods inventory beginning : You have been trying to reconstruct the records of the PDEA Corporation. Find the total finished goods inventory beginning
Environmental benefits of using recycled materials : What are the environmental benefits of using recycled materials?
Did aramco improves its factor condition : Did Aramco improves its factor condition? In which quadrant of the competitive advantage matrix do you think Aramco is located now?
Quadrant of the competitive advantage matrix : Did Aramco improves its factor condition? In which quadrant of the competitive advantage matrix do you think Aramco is located now?
What is the total shareholders equity at december : Subscription receivable-preference share due, due March 1, 2022 125,000. What is the total shareholders' equity at December 31, 2021
Advantage over competitors to take advantage : What any company could have advantage over their competitors to take advantage of it?
Common unethical practices of business establishment : What are the common unethical practices of business establishment?
Prepare a professionally written proposal : Brief overview of your chosen organisation and your chosen SDG, and a brief overview of why this SDG is most likely of strategic relevance
What the third closing entry : The first two closing entries to the Income Summary account indicate a debit of $53,750 and a credit of $64,900. What the third closing entry

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much cash did randys collect from its tenants

Randy's reported rent revenue for 2014 of $64,200.- How much cash did Randy's collect from its tenants during 2014?

  Taxpayer is considering two mutually exclusive alternatives

A taxpayer is considering two mutually exclusive alternatives. Alternative A is to hire a tax accountant at a cost of $ 20,000 to research the tax law on a tax avoidance plan. If successful, the plan would save the taxpayer $ 21,000 in taxes.

  What amount is deductible if martha uses the actual expense

What amount is deductible if Martha uses the standard mileage method? What amount is deductible if Martha uses the actual expense method?

  Calculate the amount of revenue and gross profit

Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the costs incurred and costs

  What is allies book value of bonds payable on jan

Compute the consolidated gain or loss on a consolidated income statement for at the end of 2020.What is Allies' book value of $500,000 bonds payable on 1/1/2020

  Should the business buy a new machine or existing machine

Refreshment inn is a small refreshment business. Should the business buy a new machine, an existing machine, or continue renting? Evaluate.

  The equipments retail cash price is

On January 1, Snipes Construction paid for earth-moving equipment by issuing a $300,000, 3-year note that specified 2% interest to be paid on December 31 of each year.- The equipments retail cash price is:

  Calculate the price of the bonds

Calculate the price of the bonds, and the number of bonds Rump would need to issue, if the company was to receive an AA rating

  Prepare a trial balance for the end of the month

Record the transactions in T accounts, prepare a trial balance for the end of the month.

  Prepare the transaction for aug and september

Prepare the transaction. Sept 15 gave a partial payment of 10,000 for the equipment bought last aug 23 and gave a note for the balance

  How much will she have in her account on march

Belle opens an investment account on April 1, 2011. At that time she deposits $2,500 into her account. The account will earn 5% annually. If she repeats this deposit for the next 14 years, how much will she have in her account on March 31, 2026, (..

  What is the bond coupon rate

Suppose a five-year, $1000 bond with annual coupons has a price of $900 and a yield to maturity of 6%. What is the bond's coupon rate?

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