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 $594,000 Paid-In Capital from Sale of Treasury Stock 24,400 Paid-In Capital in Excess of Par—Common Stock 15,840 Retained Earnings 932,000 Treasury Stock 12,255 Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 645 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30, 20XX Paid-In Capital: Common Stock, $45 Par (80,000 Shares Authorized, 13,200 Shares Issued) $ Excess over par Paid-in capital, common stock $ From Sale of Treasury Stock Total Paid-In Capital $ Retained Earnings Total $ Treasury Stock (645 Shares at Cost) Total Stockholders' Equity
If he does not earn any income, he receives $225 from each program. For each dollar he earns (which his employer is required to report to the welfare agency), his benefit from each program is reduced by 75 cents until the benefit equals zero.
The main function of the federal reserve is to control the money supply. This is accomplished through expansionary or contractionary monetary policies, in which the Federal Reserve influences the amount of economy in the economy by controlling its supply. An open marketing policy, ie selling and buying securities, for example, is used to control the amount of currency in the economy.
