What was the retained earnings amount reported

Assignment Help Other Subject

Reference no: EM133420744

Question: Spooky, Inc. was organized on January 1, 2021. The firm was authorized to issue 150,000 shares of $1 par common stock. During 2021, Spooky, Inc. had the following transactions relating to shareholders' equity:

Issued 40,000 shares of common stock at $9 per share
Issued 50,000 shares of common stock at $7 per share
Reported a net income of $200,000
Paid dividends of $60,000
Purchased 5,000 shares of treasury stock at $10

What was the retained earnings amount reported in the company's shareholders' equity section at the end of 2021?

Reference no: EM133420744

Questions Cloud

Difference between research and quality improvement : Provide a workplace example where qualitative and quantitative research is applied and how it was used within your organization.

Prepare a plan for an assurance engagement : Prepare a plan for an assurance engagement on the objectives and performance metrics. The plan should include: Objective(s) of the assurance engagement

How did j.edgar hoover 1919 palmer raids and subsequent : How did J.Edgar Hoover's 1919 Palmer Raids and subsequent investigations into gangster activities in the 1920s help develop the FBI?"

Identify a current health care issue : Identify a current health care issue, regulation, law, or policy being considered or debated by the American Nurses Association, a state board of nursing.

What was the retained earnings amount reported : What was the retained earnings amount reported in the company's shareholders' equity section at the end of 2021?

What are three detailed questions one would ask about this : What are three detailed questions one would ask about this article below: "Creating Community Industrial Paternalism and Town Planning in Corner Brook

Describe the products used to complete surface cleaning : Describe the products used to complete surface cleaning and explain your order of cleaning to prevent cross contamination in a dental practice.

Rewrite the asset mix with more explanation : Rewrite the asset mix with more explanation and include a graph so it is easier to read and Make another section for 3 strengths/weaknesses focusing

How did new technology change american society and culture : How did new technology change American society and culture in the period from 1877 to 1896? Consider differences between urban and rural experiences

User Account

All Pages