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3 years ago

Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2012:

Business

1 answer:

diamong [38]3 years ago

4 0

Answer:

a. $1,765,000

Explanation:

Total stockholder’s equity on December 31, 2013 = Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000

= $1,450,000 – 3,000 * $28 – 3,000 * $35 + 1,8000 *$30 + $450,000 = $1,765,000

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Sphinxa [80]

Answer:

Potato Company

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Explanation:

We can use a T-account for the Allowance for Doubtful Accounts to determine the balance:

Allowance for Doubtful Accounts

a. Accounts Receivable $668 Beginning Balance $494

Ending Balance $575 b. Bad Debt Expense $749

$1,243 $1,243

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2 years ago

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Julli [10]

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1 year ago

Concept maps work because they _______. a. are colorful and interesting b. can be drawn by almost anyone c. visually demonstrate

stich3 [128]

Answer:

concept maps work because they visually demonstrate relationships

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2 years ago

If $1,000,000 of 9% bonds are issued at 102 3/4, the amount of cash received from the sale is

Marina86 [1]

Answer:

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Explanation:

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Now we will multiply the number of bonds by the issue price in order to find the amount of cash received.

10,000*102.75=1,027,500

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2 years ago

A building with an appraisal value of $128,156 is made available at an offer price of $153,050. The purchaser acquires the prope

elena55 [62]

Answer:

$117,201

Explanation:

Calculation for what The cost basis recorded in the buyer's accounting records to recognize this purchase is

Using this formula

Cost basis=Cash+Note payable+Mortgage

Let plug in the formula

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3 years ago