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Phantasy [73]
3 years ago
10

Presented below is information related to Concord Corporation: Common Stock, $1 par $3410000 Paid-in Capital in Excess of Par―Co

mmon Stock 560000 Preferred 8 1/2% Stock, $50 par 2090000 Paid-in Capital in Excess of Par―Preferred Stock 388000 Retained Earnings 1440000 Treasury Common Stock (at cost) 150000 The total stockholders' equity of Concord Corporation is
Business
1 answer:
Pavlova-9 [17]3 years ago
5 0

Answer:

$7,738,000

Explanation:

The computation of total stockholders' equity is shown below:-

= $3,410,000 + $560,000 + $2,090,000 + $388,000 + $1,440,000 - $150,000

= $7,888,000 - $150,000

= $7,738,000

Therefore for computing the total stockholders' equity we simply add all values except treasury stock and deduct the treasury stock.

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Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ___
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Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock.
Leto [7]

Answer:

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Explanation:

6 0
3 years ago
Green Day Corporation has outstanding 411,800 shares of $10 par value common stock. The corporation declares a 10% stock dividen
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Explanation:

The journal entries are shown below:

a. Retained earning A/c Dr $3,047,320

                   To Paid-in capital in excess of par A/c $2635,520

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(Being the date of declaration  is recorded)

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For common stock, it is

= 411,800 shares × $10 × 10%

= $411,800

b. Common stock dividend distributable A/c Dr $411,800

                   To Common stock A/c $411,800

(Being the date of distribution is recorded)

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