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Bess [88]
3 years ago
11

Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transaction

s affect stockholders' equity during 2021, its first year of operations:
January 2 Issues 100,000 shares of common stock for $30 per share.
February 6 Issues 2,500 shares of 7% preferred stock for $13 per share.
September 10 Purchases 12,000 shares of its own common stock for $35 per share.
December 15 Resells 6,000 shares of treasury stock at $40 per share.
In its first year of operations, Finishing Touches has net income of $155,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,750 on all preferred shares outstanding.
Required:
Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2021.
Business
1 answer:
soldi70 [24.7K]3 years ago
3 0

Answer:

i think your answer is correct

Explanation:

hello

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not satisfying customer needs on critical factors.

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American car manufacturers will be blamed for not satisfying customer needs on critical factor of right hand drive cars.

7 0
3 years ago
How did the economic policies of the republican controlled congress redefine the character of the federal government?
leva [86]
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3 years ago
Pepsi True is a new cola from Pepsi-Cola that is sweetened with a combination of sugar and stevia leaf extract, resulting in a s
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mid-calorie soft drinks such as Pepsi Next (2012) have not been successful in the past.

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This will most likely lead to failure of the product similar to what happened with Pepsi Next.

7 0
3 years ago
Steve goes to Tri-State University and pays $40,000 in tuition. Steve works a part-time job to pay for his schooling and has an
xxMikexx [17]

Answer:

$2,500

Explanation:

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According to the given situation, Steve's part-time job wouldn't come in between his not applying for the credit as the AGI is lower than the applying number.

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6 0
2 years ago
A product sells for $200 per unit and it’s variable costs are 65% of cells to fix cost of 420,000 what is the break even point i
11Alexandr11 [23.1K]
Fixed Costs:               420,000
Variable Costs:                 65%


Your BREAK-EVEN Point is: $1,200,000 USD or 600 Units @ $200 Each
5 0
2 years ago
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