User Account

All Pages

What would be the reduction in winger stockholders equity

Assignment Help Accounting Basics
Reference no: EM131767544

Question - "Winger Corporation owned 900,000 shares of Fegan Corporation stock. On December 31, 2010, when Winger's account "Investment in Common Stock of Fegan Corporation" had a carrying value of $5 per share, Winger distributed these shares to its stockholders as a dividend. Winger originally paid $8 for each share. Fegan has 3,000,000 shares issued and outstanding, which are traded on a national stock exchange. The quoted market price for a Fegan share was $7 on the declaration date and $9 on the distribution date.

What would be the reduction in Winger's stockholders' equity as a result of the above transactions?"

Reference no: EM131767544

Questions Cloud

Discuss merchandise company and service enterprises : What is a difference between merchandise company and service enterprises
Bond price and the spread between yield and coupon : What is the relationship between bond price and the spread between yield and coupon, and what is the relationship between bond price and term?
What is mercury financial breakeven point : Mercury has no preferred stock. If its marginal tax rate is 35 percent, what is Mercury's financial breakeven point?
How can schools move toward coordinated : How can schools move toward a coordinated, comprehensive approach to this component ()?
What would be the reduction in winger stockholders equity : What would be the reduction in Winger's stockholders' equity as a result of the above transactions
Estimate mwm additional funds needed : Estimate MWM's additional funds needed (AFN) for next year.
Future models for workplace structure in technology : Future Models for Workplace Structure in Technology-Intensive Organizations, write the outline of the topic.
What is am current value : Australia Mining (AM) is expected to generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 5% per year
Define standards as used in the budgeting process : Define standards as used in the budgeting process and give a detailed example as part of your explanation

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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