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
Yanka [14]
3 years ago
7

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common

Stock, $15 par $219,000 Paid-In Capital from Sale of Treasury Stock 9,500 Paid-In Capital in Excess of Par—Common Stock 17,520 Retained Earnings 362,000 Treasury Stock 13,585 Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 715 shares have been reacquired.
Business
1 answer:
BlackZzzverrR [31]3 years ago
8 0

Answer:

Total stockholders' equity $ 594,435

Explanation:

Goodale Properties Inc.

Stockholders' Equity

June 30

Common stock at $15 par $219,000

Paid in capital in excess of par-Common stock $17,520

Paid in capital from sale of treasury stock$9,500

Total paid in capital $246,020

Add: Retained earnings $362,000

Total $608,020

Less: Treasury stock $ 13,585

Total stockholders' equity $ 594,435

You might be interested in
What are the two major components of a working capital management strategy
Sliva [168]

Answer:

The two major components of Working Capital are Current Assets and Current Liabilities. One of the major aspects of an effective working capital management is to have regular analysis of the company's currents assets and liabilities.

6 0
2 years ago
After posting the entries to close all revenue and expense accounts, the Income Summary account of Cleaver Auto Services has a $
KATRIN_1 [288]

Answer:

INCORRECT.

In income summary account, all revenue accounts are closed by debiting them and crediting the income summary account. expense accounts are closed by crediting them and debiting income summary account. then on closing income summary account it shows debit balance if there is a net loss and it shows credit balance if there is a net income.

In the given case clever auto services has debit balance of $5,300 i,e it implies that clever auto services has loss .

Therefore above statement is wrong. It implies a loss of $5300 not the net income of $5,300.

3 0
3 years ago
​Treasurers, Inc., a manufacturer of gift​ articles, uses a single plantwide rate to allocate indirect costs with machine hours
Gekata [30.6K]

Answer:

predetermined overhead allocation rate is $228 per hour

Explanation:

given data

Estimated over head costs = $8,000,000

Estimated machine hours = 35,000

actual machine hours = 31,000

to find out

predetermined overhead allocation rate

solution

we know that predetermined overhead allocation rate is express as

predetermined overhead allocation rate = \frac{estimate overhead cost}{estimate machine hour}

put here value

predetermined overhead allocation rate = \frac{8000000}{35000}

predetermined overhead allocation rate = $228.571

so predetermined overhead allocation rate is $228 per hour

3 0
3 years ago
The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises, A. the demand curv
nadya68 [22]

Answer:

B. there is a movement up along the demand curve to a smaller quantity demanded.

Explanation:

Based on the laws of demand, if the price of the good rises the quantity demanded of that good would be reduced keeping other things constant and if the price of the good declines the quantity demanded of that good would be raised keeping other things constant.

It represents the inverse relation between the price and the quantity demanded of the good

Therefore the quantity demanded get decreased with the price

3 0
3 years ago
The _____ is a 1969 agreement among bolivia, chile, ecuador, colombia, and peru to establish a customs union.
MariettaO [177]
Andean Pact, I believe it the correct answer! Hope it helps!
5 0
2 years ago
Other questions:
  • Trisha and Josh recently adopted a child, Julie. Before the adoption, Trisha, Josh, and Julie's biological parents worked out an
    11·1 answer
  • Robert Jonas is in charge of a new marketing effort directed toward Peru. In order for his company to effectively market and dis
    10·1 answer
  • Dr. Amara has twins who would be going to college in the next 10 years. She hopes to save enough in order to be able to pay for
    14·1 answer
  • Hobby Loss Presumptive Rule. Rachel Schurtz is a high school English teacher. In her spare time, she likes to make her own body
    6·1 answer
  • The ExecUfind Corporation has issued 20minusyear semiannual coupon bonds with a face value of​ $1,000. If the annual coupon rate
    7·1 answer
  • Will give brainliest
    5·1 answer
  • One of the disadvantages of the Six Sigma approach compared to the Kaizen approach is that: Select one: a. the lack of ownership
    5·1 answer
  • Northern Wood Products is an all-equity firm with 17,500 shares of stock outstanding and a total market value of $357,000. Based
    5·1 answer
  • What is least likely and most likely to do ?
    7·1 answer
  • An individual wishes to deposit an amount of money now and $100 every year so that at the end of 10 years $1,500 will have been
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!