All categories

3 years ago

The following table presents the long-term liabilities and stockholders’ equity of Information Control Corp. one year ago:

Business

1 answer:

Elena-2011 [213]3 years ago

3 0

Answer:

See explanation.

Explanation:

We can compute the new balances as below,

Long term debt = (66.9 + 36.9) = $103,800,000

Preferred stock (unchanged) = $4,190,000

Common Stock = (16.9+11.9) = $28,800,000

Capital Surplus = (46.9 + (61.8-11.9)) = $96,800,000

Accumulated Retained earnings = (136.9+12.8-3.9) = $145,800,000

Capital surplus is computed by subtracting share par value of 11.9 million from total price of share issue.

Accumulated retained earnings are calculated by subtracting the dividends and adding current net income.

Hope that helps.

You might be interested in

Help please!!

Vanyuwa [196]

Answer:

Explanation:

it specializes in that department

6 0

3 years ago

Read 2 more answers

Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad

adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0

3 years ago

in forward and futures contracts, the risk of non-fulfilment of contract terms is most likely borne by:

topjm [15]

In forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

<h3>What are forward and futures contracts?</h3>

The difference between a forward and futures contract lies in their establishment.

A forward contract is a personal arrangement traded over the counter whereas, a futures contract is a standardized contract made through an established exchange.

Thus, in forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

Learn more about forward and futures contacts at brainly.com/question/15581105

#SPJ12

7 0

2 years ago

Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,000 shar

kifflom [539]

Answer: Option (a) is correct.

Explanation:

Given that,

Dividend in 2016 = $20,000

Preferred Shares = 400

Par Value of Preferred Stock = 400 × 10 = $4000

Rate of Dividend of Preferred Stock = 5%

(a) Dividend to preferred Shareholders:

= Par Value of Preferred Stock × Rate of Dividend

= $4000 × 5%

= $200

(b) Dividend to Common Shareholders:

= Total Dividend - Dividend to Preferred Shareholders

= $20,000 - $200

= $19,800

6 0

3 years ago

Contemporary governments promote 4 development by: Answer increasing 4 regulations. providing government ownership of 4es. permi

padilas [110]

Contemporary governments promote development by establishing a currency that's tradable in world markets.

3 0

3 years ago