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1 year ago

At the end of the prior annual reporting period, Mesa Industries's balance sheet showed the following:

Business

1 answer:

Angelina_Jolie [31]1 year ago

6 0

Statement of Stockholder's equity

Common stock Paid in capital Retained earnings Total stockholder's equity

Shares Amount

Balance as of December 31, prior year 6,300 $ 63,000.00 $ 20,000.00 $ 47,000.00 $ 1,30,000.00

Add: Net income $ 51,000.00 $ 51,000.00

Less: Dividends declared $ (18,900.00) $ (18,900.00)

Stock issue 2,000 $ 20,000.00 $ 30,000.00 $ 50,000.00

Balance as of December 31, Current year $ 2,12,100.00

Dividend = $326x 46000shares = $1196,000

Stockholders' equity refers back to the belongings final in a business once all liabilities had been settled. This figure is calculated by using subtracting overall liabilities from the total property; alternatively, it could be calculated by using taking the sum of percentage capital and retained profits, less treasury stock

.Stockholders equity (additionally called Shareholders equity) is an account on an agency's stability sheet that consists of percentage capital plus retained income. It additionally represents the residual fee of property minus liabilities.

Learn more about stockholders here;

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How and why do congress and the president rely on administrative agencies?

GREYUIT [131]

<span>The Constitution makes it clear that the Congress, rather than the President of the United States, has power to assign</span>

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3 years ago

On January 2, 2019, Adelphi Company purchased a patent for $175,000 plus $5,000 in legal fees. On that date, the patent had a re

Vikentia [17]

Answer:

$22,500

Explanation:

Data given in the question

Purchase value of the patent = $175,000

Legal fees = $5,000

The Remaining life of the patent = 13 years

Expected using life of the patent = 8 years

So by considering the above information, the annual amortization expense for 2019 is

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= ($175,000 + $5,000) ÷ (8 years)

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3 years ago

First, we will start with annual depreciation. We will always use straight-line depreciation in this course Consider a firm that

NARA [144]

Answer:

Annual Depreciation expense = $15695.7692 rounded off to $15695.77

Explanation:

We first need to calculate the cost of the equipment. The cost at which an equipment or asset should be recorded should include all the costs incurred to bring the asset into the place and condition necessary for its use as intended by the management. Thus the cost of the equipment will be,

Cost = 165891 + 42172

Cost = $208063

Now we can calculate the depreciation expense per year based on the straight line depreciation method using the following formula,

Annual Depreciation expense = (Cost - Salvage Value) / Estimated useful life

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Annual Depreciation expense = $15695.7692 rounded off to $15695.77

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3 years ago

"a branding strategy in which a firm uses a different brand for each of its products is called ____ branding."

Aleksandr-060686 [28]

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3 years ago

For this question, assume that the Phillips curve equation is represented by the following: πt − πt−1 = (m + z) − αut. Which of

likoan [24]

Answer:

Correct option is C

Explanation:

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3 years ago