When resisto systems inc was formed the company was

Assignment Help Accounting Basics
Reference no: EM13572921

When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock.

Half of the preferred stock was issued at a price of $103 per share, and 70,000 shares of the common stock were sold for $13 per share. At the end of the current year, Resisto has retained earnings of $382,000.

Reference no: EM13572921

Questions Cloud

Describe how peachtree complete accounting produces : describe how peachtree complete accounting produces information that can be used to manage the business. identify and
Which dividends are expected to grow at a rate of 800 : the wei companys lastdividend was 1.75. the dividend growth rate is expected to be constant at 1.50 for 2 years after
Howell corporation purchased 350000 of its bonds on june 30 : a howell corporation purchased 350000 of its bonds on june 30 2010 at 102 and immediately retired them. the carrying
Pietarsaari oy a finnish company produces cross-country ski : pietarsaari oy a finnish company produces cross-country ski poles that it sells for euro33 a pair. the finnish unit of
When resisto systems inc was formed the company was : when resisto systems inc. was formed the company was authorized to issue 5000 shares of 100 par value 8 percent
What is the maximum price that bronson company should be : bronson company manufactures a variety of ballpoint pens. the company has just received an offer from an outside
Its dividend growth rate is expected to be constant at 1800 : the upton companys last dividend was 1.75. its dividend growth rate is expected to be constant at 18.00 for 2 years
Breyer company purchased packaging equipment on january 3 : breyer company purchased packaging equipment on january 3 2010 for 101250. the equipment was expected to have a useful
Compute the budgeted merchandise purchases for june round : in may 2014 the budget committee of grand stores assembles the following data in preparation of budgeted merchandise

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute pension expense for van persie corp for the year

van persie corp. sponsors a defined-benefit pension plan for its employees. the following balances related to the plan

  Is it significant for company to follow strict budget even

is it important for a company to follow a strict budget even though they may be experiencing phenomenal profits? do you

  What amount was transferred to finished goods

During 2012, Sand, Inc. expected Job No. 51 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Sand applied overhead based on direct labor cost. Actual production required an overhead cost of $280,000, $550,000 in material..

  Before paying employee bonuses and state and federal taxes

before paying employee bonuses and state and federal taxes a company earns profits of 60000. the company pays employees

  In order to maintain production at 5200 laptops drake

suppose that drake corporation produced and sold 5000 laptop computers during 2010. it reported 270000 cash provided by

  What is the difference between the cash received

Duncan Brooks, Co., needs to borrow $500,000 to open new stores. Brooks can borrow $500,000 by issuing 5%, 10-year bonds at a price of 96. How much will Brooks actually receive in cash under this arrangement? How much must Brooks pay back at matur..

  Flip earns a salary of 7500 per month during the year fica

flip earns a salary of 7500 per month during the year. fica taxes are 8 on the first 100000 of gross earnings. federal

  Prepare an essay on corporateit governance and internal

prepare an essay on corporateit governance and internal control. essay should describe the following.corporate

  Alpha electronics can purchase a needed service for 90 per

alpha electronics can purchase a needed service for 90 per unit. the same service can be provided by equipment that

  Describe depreciation methods employed by the company

Describe depreciation methods employed by the company. Describe principles and methods peculiar to the industry in which the company operates when these principles and methods are predominately followed in that industry.

  A total of 1300 units were completed and transferred to the

a total of 1300 units were completed and transferred to the next processing dept during the period.equivalent units of

  Question about philosophy of life

Why are we here? What is my purpose to be here? Am I supposed to be doing something great with my life? For thousands of years, men and women have pondered these and similar questions.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd