Answer:
C. $370,000
Explanation:
Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock.
During 2011, Poodle had the following transactions relating to shareholders' equity:
Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
Therefore total Paid-in capital at the end of 2011 is derived by :
(30,000 shares x $7) + (20,000 x $8) = $370,000
Paid - In capital refers to the funds that stockholders have invested through the purchase of stock from the issuing company, including premiums and not just par value.
Answer:
$1120
Explanation:
Units in ending inventory = 28 + 23+ 33 - 56 = 28 units
Inventory turnover = 22021 / 2665 = 8.26
Inventory value = 28*40 = 1120
Inventory = =22*130+24*140+26*150+24*160+30*170 = 19060
The answer is A. close corporation.
Suzanne, who started a new restaurant, set up her business as a close corporation in order to keep her personal and business finances legally separate.
The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
