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Liono4ka [1.6K]
2 years ago
9

Gordon Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value pe

r share $98,000 Additional Paid-in Capital , Common Stock 600,000 Retained Earnings 900,000 Total Stockholders' Equity $1,598,000 What was the average selling price for the common stock issued (rounded to the nearest cent)
Business
1 answer:
telo118 [61]2 years ago
3 0

Answer:

$0.71

Explanation:

Calculation to determine What was the average selling price for the common stock issued

Using this formula

Common stock issued avarage selling price=

Paid-in Capital in Excess of Par-Common÷Common Stock par value per share

Let plug in the formula

Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)

Common stock issued avarage selling price=$698,000/$980,000

Common stock issued avarage selling price=$0.71

Therefore the average selling price for the common stock issued is $0.71

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If the Federal Reserve is late to recognize a recession and implements an expansionary policy too​ late, the result could be an
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Answer:

A. Procyclical policy.

Explanation:

Procyclical policy is basically is a government approach to increase goverment spending and reduces taxes while government is going through economic expansion.

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How do upgraded urls help advertisers with third-party conversion tracking?
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3 years ago
The national incident management system is
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<span>The national incident management system is
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3 years ago
Headland Co. has a held-to-maturity investment in the bonds of Schuyler Corp. with a carrying value of $79,200. Headland determi
Allisa [31]

Answer:

The Journal Entry is as follows:

Loss on Impairment $8,400

Debt Investment ($8,400)

Explanation:

Given.

Carrying Value = $79,200

Decreased Value = $70,800

Differences = $79,200 - $70,800

Differences = $8,400

Since the loss in value is determined, uncollectible.

The required entry on the journal entry are the amount loss on impairment and the amount invested on debt.

The Journal Entry is as follows:

Loss on Impairment $8,400

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7 0
3 years ago
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of
faltersainse [42]

Answer:

2021

revenue                 2,666,667

we have cost for <u>  2,000,000  </u>

income for                666,667

2022

revenue                     3.278.400‬

cost                       <u>     2,500,000    </u>

income                          778.400‬

2023

revenue          2,054,933‬

cost             <u>    3,800,000   </u>

loss                   1,745,067‬

Explanation:

2,000,000/ (2,000,000 + 4,000,000) = 1/3

in 2021 a third of the contract was complete therefore we recognize a third of revenue:

8,000,000 x 1/3 = 2,666,667

we have cost for   2,000,000

income for                666,667

2,500,000 / (2,500,000 + 3,600,000) = 0,4098

we recognize revenues for 40.98 of the total contract value.

8,000,000 x 40.98 = 3.278.400‬

cost                       <u>     2,500,000    </u>

income                          778.400‬

2023

we recognize the remaining revenue.

8,000,000 - 2,666,667 - 3,278,400 = 2.054.933‬ revenue

cost 3,800,000

loss   1,745,067‬

7 0
2 years ago
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