User Account

All Pages

What will ending Company X balance in Common Stock

Assignment Help Accounting Basics
Reference no: EM132465409

Problem - Company X currently has the following balances on their balance sheet:

Total Assets $228,414

Total Liabilities $139,780

Retained Earnings $35,292

Suppose next year the Company X generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Company X's balance in Common Stock be next year?

A. $140,542

B. $76,142

C. $355,702

D. $458,486

Reference no: EM132465409

Questions Cloud

Describe the characteristics of the institutions : Describe the characteristics of the institutions that have higher tuition rates and how they differ from the less expensive institutions.
Calculate the early distribution penalty tax : The plan is terminated and a $240,000 taxable distribution is made to Heather. Calculate the early distribution penalty tax, if any, for 2019
Should the federal minimum wage rate be increased : There's low inflation in the U.S. economy at this time. According to the NBER, the U.S. economy is not currently in a recession.
How to prepare an income statement for the month of june : How to Prepare an income statement for the month of June.Debra made no additional investment in June but withdrew $1,400 in cash for personal use during month
What will ending Company X balance in Common Stock : Suppose next year the Company X generates $44,200 in net profit, pays $12,000 in dividends, What will ending Company X balance in Common Stock
How much would remain at the end of the ten years : You have invested $160,000 at 12%. After paying the above school fees, how much would remain at the end of the ten years?
What will retained earnings be for abc 2019 : During 2019, the company reported $420 in net income, and it paid out a dividend of $200. What will retained earnings be for ABC's 2019 year-end balance sheet?
Computing the discounted cash flow model : XYZ common stock is expected to pay a dividend of $2.23 next year, and that dividend grows at a constant rate of 11.2. If the current price of XYZ common
Calculate balance in Mountain beginning retained earnings : Mountain Company earns a net income of $430,500 and pays dividends of $39,000. Calculate the balance in Mountain's beginning retained earnings

Reviews

Write a Review

Accounting Basics Questions & Answers

  How does the applied overhead relate to the actual overhead

How does the applied overhead relate to the actual overhead? When they are not the same, what happens to the difference?

  Dring 2004 xyz company recorded salaries expense of 85000

during 2004 xyz company recorded salaries expense of 85000. thesalaries payable account at january 1st had a balance of

  Last year the house of orange had sales of 826650 net

last year the house of orange had sales of 826650 net operating income of 81000 and operating assets of 84000 at the

  Calculate taylors ending inventory

On January 1, 2013, the Taylor Company adopted the dollar-value LIFO method. Calculate Taylor's ending inventory for 2013, 2014, and 2015

  What is meant by the term petitioner

1. What is meant by the term petitioner? 2. A taxpayer living in the following states would appeal a decision of the U.S. District Court to which Court of Appeals?

  Becky is the owner of brooksone farm on january 12007 the

becky is the owner of brooksone farm. on january 12007 the beginning of the companys fiscal year becky borrowed 750000

  Who are the users of financial accounting

What is the difference between managerial and financial accounting? Who are the users of financial accounting and managerial accounting information?

  Prepare a one-page report describing your findings

Prepare a one-page report describing your findings for the following: Whether the company provides disclosures about major customers

  Compute the return on common stockholders equity

Whetzel Corporation reported net income of $160,000, Compute the return on common stockholders' equity

  Prepare the company journal entry to record credit card

Prepare the company's journal entry to record the credit card sales for April 13 assuming the company deposited the receipts that same day.

  Prepare a schedule to determine the gross profit for 2010

Prepare a schedule to determine the gross profit for 2010, 2011, and 2012 from the installment sale.

  Ms construction company contacted to construct a factory

ms construction company contacted to construct a factory buildingfor 525000. construction started during 2008 amp was

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