1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vova2212 [387]
3 years ago
10

Exercise 13-11 The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at

December 31, 2017. Common Stock ($5 stated value) $1,725,000 Paid-in Capital in Excess of Par—Preferred Stock 280,000 Paid-in Capital in Excess of Stated Value—Common Stock 907,000 Preferred Stock (8%, $105 par) 509,250 Retained Earnings 1,180,000 Treasury Stock (10,000 common shares) 120,000 Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.
Business
1 answer:
kvasek [131]3 years ago
3 0

Answer:

Stockholders’ equity

Common Stock ($5 stated value)                             $1,725,000

Preferred Stock (8%, $105 par)                                 $509,250

Paid-in Capital in Excess of Par - Preferred Stock  $280,000

Paid-in Capital in Excess of Par - Common Stock   $907,000

Retained Earnings                                                     $1,180,000

Treasury Stock (10,000 common shares)                <u>($120,000)</u>

Total Stockholders’ equity                                        <u>$4,481,250</u>

Explanation:

Preferred and Common stock are recorded on basis of their par value and Excess to par value separately.

Retained earning is the balance of accumulated earnings after apaying dividends

Treasury stock balance includes the value of own share repurchased by the company. It is a contra equity account and has debit nature.

You might be interested in
Larger financial institutions now offer a wide range of services under one roof, from banking to stock trading. These institutio
Sholpan [36]

Answer:

The correct answer is E. Share of customer.

Explanation:

Customer participation reflects the way in which customers take part in the process and the degree to which they participate. It is especially important for many service processes, particularly if the contact with the customer is (or should be) high. A good starting point to increase customer participation is to make the process more visible to the customer. Allowing customers to see what normally remains hidden from their view is part of Harvey’s service design, a Canadian chain of fast food restaurants. There you can see the workers in a sanitary and orderly workplace roasting the meat, and one can choose the type of additional ingredients you want. An even bolder step is to allow customers to participate in selected backroom processes, in order to turn them into shown processes.

5 0
3 years ago
Mensa is a society for "geniuses." one way to qualify for membership is having an iq at least 2.5 standard deviations above aver
7nadin3 [17]
According to the scale, an average person would posses the mean of 100 IQ <span>and standard deviation of  15. If to be a member of mensa one should have </span><span>an iq at least 2.5 standard deviations above average, the minimum iq should be: 
</span>
2.5 = (x-100)/15

x = 137.5 >>>>> Less than 1% population belong to this IQ group or higher.


7 0
3 years ago
Read 2 more answers
If consumers buy less of a commodity when their incomes rise, this commodity is .
WINSTONCH [101]
The commodity is an inferior good. 

An inferior good is one for which the quantity demanded decreases when the income of the consumer increases, or one for which the quantity demanded increases when the income of the consumer decreases. In contrast, a normal good is one for which the demand increases when the consumer's income increases.
6 0
3 years ago
Suppose you inherit an apartment building from your uncle. You anticipate making some income from the rent on
alexira [117]

Answer:

Would you cut back on making repairs and keeping the building in a safe and

livable condition?

No, I would maintain the building as good as posible.

How might you keep the building in good shape and still turn a profit?

the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.

Is it possible to manage  the building or change it to make it both livable and profitable?

yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.

5 0
3 years ago
Explain the following: "a broadened view of social responsibility of business calls for more attention to social concerns."
mina [271]
That is right glad u got help!
3 0
3 years ago
Other questions:
  • Barges' has an asset beta of .57, the risk-free rate is 4.3 percent, and the market risk premium is 7.7 percent. what is the equ
    13·1 answer
  • Which of the following will prevent a corporation from qualifying as an S corporation?A. Deriving more than 40% of its gross rec
    13·1 answer
  • Larry Simmons has​ split-limit 150​/225​/110 automobile liability insurance. Several months ago Larry was in an accident in whic
    14·1 answer
  • Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15
    14·1 answer
  • Exercise 9-5 Sandhill Co. purchased a new machine on October 1, 2017, at a cost of $80,010. The company estimated that the machi
    13·1 answer
  • Bonds that may be exchanged for common stock at the option of the bondholders are called
    5·1 answer
  • 10. Publishing representatives who call on college professors to inform them of their company's new publications have a great de
    8·1 answer
  • Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. Instructions: Enter your answers as whol
    6·1 answer
  • Although monopolies are not allowed in the United States, the government does understand that in certain situations it doesn't
    13·1 answer
  • For an FBLA-PBL member who is interested in running for a state or national
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!