User Account

All Pages

What will be the balance in the capital in excess

Assignment Help Financial Accounting
Reference no: EM132745448

Problem 1: Jensen's has 18,000 shares of stock outstanding with a par value of $1 per share and a market price of $32.30 a share. The balance sheet shows $18,000 in the common stock account, $109,600 in the capital excess of par value account, and $78,200 in the retained earnings accounts. The firm just announced a stock split of five-for-three. What will be the balance in the capital in excess of par value account after the split?

Reference no: EM132745448

Questions Cloud

CTEC5806_DL Digital Forensics: Principles & Practice DL : CTEC5806_DL Digital Forensics: Principles & Practice DL Assignment Help and Solution, De Montfort University - Assessment Writing Service
Describe the decision-making process approach : Describe the Decision-Making Process approach. Give an example
Prepare wilson copy? center income statement : Prepare Wilson Copy? Center's income statement for the current year ended December 31 under the? average, FIFO, and LIFO inventory costing methods
Calculate the payback period and profitability index : Calculate the payback period, net present value and profitability index. Assume that a new machine will have a 7 years useful life
What will be the balance in the capital in excess : The firm just announced a stock split of five-for-three. What will be the balance in the capital in excess of par value account after the split?
How much will patricia inherit : The remainder going to the issue of the deceased in equal shares per stirpes. Josh's estate was valued at $98,000. How much will Patricia inherit?
Show the effects of the transactions on the accounts : Show the effects of the transactions on the accounts of the accounting equation by recording increases and decreases. Determine the final total for each account
How do determine carrying amounts of the right-of-use asset : On January 1, 20X1, ABC Co. entered into a 4-year lease, Determine the carrying amounts of the right-of-use asset and lease liability on December 31, 20X1.
Determine the current and non-current portions of the lease : ABC Co. leased a new machine from XXX Inc., Determine the current and non-current portions of the lease liability on December 31, 20X1.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Judgment of management

The availability of information for both the cost and the potential cost driver.A cause-and-effect relationship between the cost driver and the cost.Judgment of management.

  Calculate inpatient gross profit

Many hospitals establish a sophisticated data analysis department. Why do hospitals need an understanding of cost behaviors to an ever-increasing degree?

  How to prepare the journal entries on december

How to Prepare the journal entries on December 31,2010, May 11,2011, and June 12,2011. On December 31, 2010, Jarnigan Co. estimated that 2% of its net sales

  Determine the inventory at cost

Determine the inventory at cost and also at the lower of cost or market, using the first-in, first-out method. Record the appropriate unit costs

  What is martina basis for each of the shares received

During the year, Bangor declares and pays a 10% nontaxable stock dividend. What is Martina's basis for each of the shares received?

  Example of which enhancing quality of accounting information

Company a issuing records within one month of the end of the year is an example of which enhancing quality of accounting information.

  Impact of increase in production volume on sales

Impact of increase in production volume on sales, cost and income - Assuming the cost behavior patterns implied by the data in Exhibit 1 are correct, would you recommend this action be taken? What would be the impact on monthly sales, costs, and in..

  Evaluating the risks of material misstatement associated

Summarize the professional auditing standards for identifying and evaluating the risks of material misstatement associated with the client firm's

  Set up general ledger accounts for general ledger accounts

PF 061579- Using the following blank forms (make as many copies as necessary), set up the general ledger accounts for the general ledger and insert the beginning balances for the accounts from the post-closing trial balance.

  Equivalent units of production for direct materials

The following information concerns production in the Baking Department for May. All direct materials are placed in process at the beginning of production.  Determine the number of units in work in process inventory at the end of the month. Determine ..

  Find how many units must be produced to get aforementioned

Find how many units must be produced and sold to get the aforementioned targeted operating profit? How much is the targeted sales?

  Outside equity requirement for nonconsolidation

Based on your understanding of the information presented in the case, how did Enron’s Chewco SPE fail to meet the outside equity requirement for nonconsolidation? Did Enron meet the control requirement for non- consolidation?

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