Business, 14.12.2019 01:31 brianlykid3042

United resources company obtained a charter from the state in january of this year. the charter authorized 200,000 shares of common stock with a par value of $1. during the year, the company earned $590,000. also during the year, the following selected transactions occurred in the order given:

a. sold 100,000 shares of the common stock in an initial public offering at $12 cash per share.
b. repurchased 20,000 shares of the previously issued shares at $15 cash per share.
c. resold 5,000 of the shares of the treasury stock at $18 cash per share.

required:
prepare the stockholders’ equity section of the balance sheet at the end of the year. (amounts to be deducted should be indicated with a minus sign.)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 00:10

Which of the following is a problem for the production of public goods?

Answers: 2

Answer

Business, 22.06.2019 02:10

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

Answers: 1

Answer

Business, 22.06.2019 11:00

Zoe would like to be able to save for night courses at the local college. which of these would be a good way for zoe to make more money available for savings without dramatically changing her budget? economía

Answers: 2

Answer

Business, 22.06.2019 18:10

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?

Answers: 3

Answer

You know the right answer?

United resources company obtained a charter from the state in january of this year. the charter auth...

Questions