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Rina8888 [55]
3 years ago
5

At the beginning of the year (January 1), Buffalo Drilling has $10,000 of common stock outstanding and retained earnings of $7,2

00. During the year, Buffalo reports net income of $7,500 and pays dividends of $2,200. In addition, Buffalo issues additional common stock for $7,000.
Prepare the statement of stockholders’ equity at the end of the year (December 31)
Business
1 answer:
Marta_Voda [28]3 years ago
7 0

Answer:

The preparation of the statement of stockholders’ equity at the end of the year is presented below:

Explanation:

For preparing the statement of stockholders’ equity at the end of the year, first we have to determine the ending retained earning balance which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $7,200 + $7,500 - $2,200

= $12,500

Now the preparation is shown below:

                                       Buffalo Drilling

                       Statement of stockholders’ equity

                     At the end of the year (December 31)

Common stock outstanding    $10,000

Add: retained earning               $12,500

Add: Issued additional

Common stock                          $7,000

Total stockholder equity           $29,500

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Answer:

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Explanation:

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7. You own a portfolio that has $1,750 invested in Stock A and $3,950 invested in Stock B. If the expected returns on these stoc
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Answer:

12.46%

Explanation:

Data provided:

Amount invested in Stock A = $1,750

Amount invested in stock B = $3,950

Expected rate of return on stock A = 9%

Expected rate of return on stock B = 14%

Thus,

Expected amount of return on stock A

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on substituting the respective values, we have

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Expected amount of return on stock B

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on substituting the respective values, we have

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the total amount invested = $1,750 + $3,950 = $5700

Hence, the expected rate of return on the portfolio

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on substituting the values, we get

= \frac{710.5}}{5700}\times100

the expected rate of return on the portfolio = 12.46%

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