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
Verdich [7]
3 years ago
7

At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $6,9

00. During the year, Buffalo reports net income of $7,200 and pays dividends of $1,900. In addition, Buffalo issues additional common stock for $6,700. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)..
Business
1 answer:
slamgirl [31]3 years ago
4 0

Answer:

<u>Statement of stockholders' equity at the end of the year December 31</u>

                                               Common Stock  Retained Earnings   Total

At Beginning of the year :

Balances                                      $11,000                 $6,900       $17,900

During the Year :

Net Income                                      -                         $7,200        $7,200

Dividend                                          -                         ($1,900)       ($1,900)

Issue of Common Stock             $6,700                       -              $6,700

At End of the Year :

Balances                                    $17,700               $12,200       $29,900

Explanation:

Stockholders' equity represents all items that are attributable to the owners of the company.

The statement of stockholders' equity at the end of the year December 31 has been prepared above according to IAS 1.

You might be interested in
Investors select a stock based on the cash they expect to receive from that stock. that cash comes in the form of?
mylen [45]

Investors select a stock based on the cash they expect to receive from that stock. that cash comes in the form of a and b.

Investors are usually different from traders. Investors invest capital for long-term gains, while traders buy and sell securities repeatedly in pursuit of short-term gains. Investors typically generate income by investing capital in either stocks or debt.

So how does an investor choose which stocks to buy?He has two main investment styles: active and passive. Active investors try to outperform the market by buying stocks that they believe are undervalued, with the intention of selling when the stock price rises.

Stock pick. An active portfolio management approach that focuses on a favorable selection of specific stocks rather than broad asset allocation.

Learn more about stock here: brainly.com/question/25818989

#SPJ4

The question is incomplete. Please read below to find the missing content.

Investors select a stock based on the case they expect to receive from that stock. That cash comes in the form of ____.

a. Dividends

b. The future sales price.

c. Interest payments.

d. Commissions.

7 0
1 year ago
If a payback period for a project is greater than its expected useful life, the project's return will always exceed the company'
Rudiy27

Answer:

entire initial investment will not be recovered.

Explanation:

Payback period is one of the methods used in capital budgeting.

Payback period calculates how long it takes for the amount invested in a project to be recovered from its cummulative cash flows.

For example, if a project costs $360 and the cash flow each year for its 6 years useful life is $120. The amount invested would be gotten back from the cummulative cash flow in 3 years.

But if a project costs $360 and the cash flow each year for its 2 years useful life is $120. The amount invested would never be gotten back the cummulative cash flow. Therefore, the entire investment amount will never be entirely recovered.

The project will always not be profitable

I hope my answer helps you.

3 0
3 years ago
What would be the best answer
coldgirl [10]

Answer:

<em>The</em><em> </em><em>corr</em><em>ect</em><em> </em><em>answe</em><em>r</em><em> </em><em>is</em><em> </em><em>:</em><em>-</em> Measurable gain

7 0
3 years ago
Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is
Solnce55 [7]

Answer:

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

Explanation:

The Accounting equation for any entity is represented by the following equation:

Assets= Equity + Liability

When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.

In this case, Fitch supply services shall

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

7 0
3 years ago
How should employers do to actively prevent workplace hazards?
soldi70 [24.7K]
Hey there!

Employers should do random safety checks every so often, maybe every single week. They should do this to ensure that all employees are wearing the right safety equipment along side doing the right procedure.


Hope  I was able to help!
3 0
3 years ago
Other questions:
  • The laffer curve illustrates that, in some circumstances, the government can reduce a tax on a good and increase the
    9·1 answer
  • During the month of September, the Texas Go-Kart Company had the following business activities: a. On September 1, paid rent on
    6·1 answer
  • What is rent in personal finance ?
    10·1 answer
  • A citation identifies the publication in which a legal authority can be found.​
    8·1 answer
  • Drake enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will multiply an investment m
    10·1 answer
  • Water Front Rentals has 20,000 shares of stock outstanding at a market price of $24 each and earnings per share of $1.84. The fi
    9·1 answer
  • The Lumber Yard has projected sales for April through July of $152,400, $161,800, $189,700, and $196,400, respectively. The firm
    14·1 answer
  • How would an increase in demand affect the equilibrium price in a​ market? A. The equilibrium price decreases. B. The equilibriu
    6·1 answer
  • Suppose that in​ 2017, a typical U.S. student attending a​ state-supported college bought 10 textbooks at a price of ​$110 per b
    12·1 answer
  • If different types of parol evidence contradict each other, this is the hierarchy of what prevails:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!