Answer:
Stock = 27.629 million
Explanation:
<u>Baldwin Corporation</u>
<u>Balance Sheets</u>
<u>Assets</u>
Cash of $8.040 million
Total Assets $163.111 million
<u>Liabilities and Owner's Equity </u>$163.111 million
Stock 27.629 million
Total Liabilities $101.255 million
Retained Earnings $34.226 million
According to Balance sheet approach total assets must equal total liabilities and Owner's Equity.
Total assets including cash are given which are equal to $163.111 million and when we subtract total liabilities and retained earning from it we get the value of stock.
Stock = Total Assets- Total Liabilities - Retained Earnings
Stock = $163.111 million - $101.255 million-$34.226 million
Stock = 27.629 million
Answer:
c. 179,811
Explanation:
The computation of the number of shares of stock sold for expansion is shown below:
The Number of shares is
= (Fund for growth + Legal and filing fees) ÷ Net price after underwriter spread
= ($6,800,000 + $352,000) ÷ (43 × (1 - 7.5%))
= $7,152,000 ÷ $39.775
= 179,811 shares
Hence, the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
inaccessibility exception
Explanation:
https://quizlet.com/205638479/b-law-ch-32-flash-cards/
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