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masha68 [24]
3 years ago
8

Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transact

ions affect stockholders' equity during 2015, its first year of operations:
January 2 Issue 110,000 shares of common stock for $70 per share.
February 14 Issue 60,000 shares of preferred stock for $12 per share.
May 8 Purchase 11,000 shares of its own common stock for $60 per share.
May 31 Resell 5,500 shares of treasury stock for $65 per share.
December 1 Declare a cash dividend on its common stock of $0.25 per share and a $36,000 (6% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on
December 30. (Hint: Dividends are not paid on treasury stock.)
December 30 Pay the cash dividends declared on December 1.

Required:
a. Record each of these transactions.
b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2015. Net income for the year was $490,000.
Business
1 answer:
kvv77 [185]3 years ago
3 0

Answer:

i am sorry i do not know because i am having trouble with the same problem

Explanation:

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In the context of the number and the intensity of external factors in the environment that affect organizations, a(n) _____ is d
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Answer:

simple environment

Explanation:

Organizational environment can be regarded as internal as well as external environmental factors which can influence the activities and

decision making of the

organization. The environment of an organization has a surroundings which has favourable or unfavorable effects on its operations. simple environment is one with a limited environmental factors which can influence or affect the operation of the organization, the intensity of external factors that affects

simple environment is very low compare to complex environment. It should be noted that In the context of the number and the intensity of external factors in the environment that affect organizations, simple environment is defined as an environment with few environmental factors.

4 0
2 years ago
Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on Octob
Over [174]

Question Completion:

Journalize the adjusting entries:

Answer:

Yazici Advertising

Adjusting Journal Entries:

Date            Account Titles            Debit      Credit

October 31:

1. Supplies Expense                     $1,500

Supplies                                                        $1,500

To record the supplies expense for the year ended October 31.

2. Insurance Expense                     $50

Prepaid Insurance                                           $50

To record the insurance expense for the month of October.

Explanation:

a) Data and Analysis:

October 31:

1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)

2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)

3. From the scenario, the year-end is October 31.

7 0
3 years ago
Which of the following changes will increase short-run output? Group of answer choices an increase in the parameter governing ho
natita [175]

Answer:

The correct answer is letter "C": an increase in the target rate of inflation.

Explanation:

According to the Aggregate Demand Formula (<em>Consumer Spending + Investment Spending + Government Spending + Exports-Imports</em>) changes in its curve will be caused by changes in the inflation rate. The fact that <em>the target increases</em> will produce the interest rate to decrease and, as a result, the output will move in the opposite direction.

4 0
2 years ago
Why is teaching profession important give reason​
Vika [28.1K]

Answer:

hope it helps

Explanation:

Teachers are arguably the most important members of our society. They give children purpose, set them up for success as citizens of our world, and inspire in them a drive to do well and succeed in life.

7 0
1 year ago
The person who would be most directly affected by changes in the business cycle is ______.
Anon25 [30]

Answer: B. a construction worker

Explanation:

If buildings are needed to be built constantly than construction workers will make more profit. If people in the business aren’t doing well and stock markets come down less business will be made. Meaning lesser buildings, which allows construction workers to make less.

Hope this helps you, love!

8 0
2 years ago
Read 2 more answers
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