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
zhannawk [14.2K]
3 years ago
10

Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2018: Common Stock, $1 par value, 1,200,0

00 shares; Additional Paid-in Capital, $20 million; Retained Earnings, $15 million; and Treasury Stock, 40,000 shares, $1.60 million. Prepare the stockholders' equity section of the balance sheet. (Enter your answers in dollars, not in millions. Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
Bad White [126]3 years ago
6 0

Answer and Explanation:

The preparation of the stockholder equity section of the balance sheet is shown below:

Common stock ($1 × 1,200,000 shares)          $1,200,000

Add: Additional paid in capital                          $20,000,000

Add: Retained earnings                                      $15,000,000

Less: Treasury stock                                           $1,600,000

Stockholder equity                                           $34,600,000

We simply added the all items except the treasury stock as it should be deducted

You might be interested in
Which of the following is one of the advantages of forming a corporation?
s344n2d4d5 [400]
B a non-profit corporation
5 0
3 years ago
Read 2 more answers
Physical or mental injuries caused by a crime are known as what?
maksim [4K]
Assault and battery because Battery is a criminal offense involving the unlawful physical acting upon a threat, distinct from assault which is the act of creating apprehension of such contact. In the United States, criminal battery, or simply battery, is the use of force against another, resulting in harmful, offensive or sexual contact.
5 0
3 years ago
Read 2 more answers
While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good
Jet001 [13]

Answer:

Nonprogrammed; reflective; programmed; reactive

Explanation:

Programmed decisions can be regarded as decision which involves well understood criteria when making it,. nonprogrammed decisions on the other hand can be explained as decisions which are novel, they are decision that does not have clear guidelines when trying to reach solution. rules as well as guidelines can be set up for programmed decisions by Managers when known fact is available because this will enhance in reaching

decisions quickly. It should be noted that While non programmed decisions will generally need to be processed via the reflective system in our brains in order for us to reach a good decision, with programmed decisions, heuristics can allow decision-makers to switch to the quick, reactive system.

5 0
2 years ago
Suppose that, due to exceptionally good weather in the Mid West, the United States experiences an increase in grain production i
Eva8 [605]

In this question, we are not provided with the specific numbers that are necessary to produce a graphical approach. Therefore, we cannot provide that part of the answer. However, we are able to talk, in general terms, about what an increase of grain production in the United States would cause in the rest of the world.

This is an effect of what is known as globalization. Globalization refers to the integration of the world's markets in goods and services, as well as flows of investment and people across national boundaries.

In order for globalization to take place, several processes have to occur first. Nations begin specializing in the production of good and services in which they are relatively low-cost producers. This allows for mutual gains for people in trading countries. However, while some groups might benefit, some others might be harmed by this pattern, such as those producing the goods that compete with the imports. In this example, some countries might benefit, but those that compete with the United States in terms of grain production might be damaged by the increased production of the United States.

6 0
3 years ago
Read the passage. Then answer the question that follows. Nikia designs and produces board games that she sells online. She forme
liberstina [14]

I would say the C. is the correct answer, because if the 3D Printer prints the pieces faster, the games are sold more frequently. I hope this helps, and that it makes sense to you.

6 0
2 years ago
Other questions:
  • Frances McNale is an employee who drives a 2019 Ford C-Max with a fair-market value of $29,500. The lease value is $7,750, accor
    9·1 answer
  • Your company is upgrading the breakroom and kitchen. It is going to include an expresso machine, a fridge with compartments for
    15·1 answer
  • The balance of Tori's average balance checking account
    9·1 answer
  • A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to a. assi
    10·1 answer
  • The Constitution sets forth specific powers that can be exercised by the national government and provides that the national gove
    7·1 answer
  • A year ago, the engineering team at a company got a new boss to oversee the them. Things were fine at first, but a few months in
    11·1 answer
  • In​ general, the supply chain starts with A. final customers at the retail store. B. the provider of basic raw materials. C. res
    9·1 answer
  • Ok. if a person had a 1-7 IQ would you still date them?
    5·1 answer
  • What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed? the lower clas
    7·1 answer
  • there is a technological improvement in the production of good x. as a result, the curve for good x will shift resulting in a(n)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!