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PtichkaEL [24]
3 years ago
6

In Draco Corporation’s first year of business, the following transactions affected its equity accounts. Issued 6,800 shares of $

2 par value common stock for $46. It authorized 20,000 shares. Issued 1,700 shares of 12%, $10 par value preferred stock for $51. It authorized 3,000 shares. Reacquired 340 shares of common stock for $58 each. Retained earnings is impacted by reported net income of $78,000 and cash dividends of $29,000. Prepare the stockholders’ equity section of Draco’s balance sheet as of December 31.
Business
1 answer:
BigorU [14]3 years ago
4 0

Answer:

$428,780

Explanation:

DRACO CORPORATION

Stockholders' Equity Section of the Balance Sheet as at December 31

Preferred stock- $10 par value

($6,800×$2) $13,600

Paid in capital in excess of par- Preferred stock ($6,800 ×$44) $299,200

($46-$2)

Preferred stock- $10 par value

($1,700×$10) $17,000

Paid in capital in excess of par- Common stock ($1,700×$41) $69,700

($51-$10)

Retained earnings($78,000-$29,000) $49,000

Less: Treasury stock($340×$58) ($19,720)

Total stockholders' equity $428,780

($448,500-$19,720)

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Answer:

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#include<string>

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#define M 4

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{

protected:

string title;

string author;

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public:

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public:

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int main()

{

Painting *paintings=new Painting[N];

stringfamous[M]={"Degas","Monet",

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string title, author;

int i,k,j;

for(i=0;i<N;i++)

{

cout<<"Input title: ";

getline (cin, title);

cout<<"Input author: ";

getline (cin, author);

k=-1;

for(j=0;j<M;j++)

if(famous[j]==author)

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k=j;

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if(k>=0)

paintings[i]=FamousPainting(title,author);

else

paintings[i]=Painting(title,author);

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for(i=0;i<N;i++)

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cout<<"Painting#"<<i<<":"<<endl;

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}

return 0;

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Explanation:

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Answer:

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Explanation:

Given data:

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