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svetlana [45]
3 years ago
7

Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following tra

nsactions occurred during the first year of operations in the order given: a. Issued a total of 45,000 shares of the common stock for $20 per share. b. Issued 12,000 shares of the preferred stock at $21 per share. c. Issued 3,500 shares of the common stock at $25 per share and 1,200 shares of the preferred stock at $21. d. Net income for the first year was $53,000.
Business
1 answer:
Zolol [24]3 years ago
7 0

Answer:

Required:

Prepare the stockholders’ equity section of the balance sheet at December 31.

Explanation:

check the file attached for the  balance sheet at December 31.

Download docx
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Reynolds Manufacturers Inc. has estimated total factory overhead costs of $136,400 and expected direct labor hours of 12,400 for
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3 years ago
Hilliard Pharmaceuticals and Ahrens Vitamins, Inc., have high market commonality, both geographically and in the market segments
Mama L [17]

Answer: C. Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Explanation:

Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Ahrens Vitamins and Hilliard Pharmaceuticals have high Market commonality. They operate in the same geographical area and their target market is the same, meaning an increase in Profits for Hilliard Pharmaceuticals is a decrease in profits for Ahrens Vitamins, an attack from Hilliard will ave severe consequences for Ahrens Pharmaceuticals as they compete for the same target market.

Ahrens Vitamins will have to respond aggressively to attacks from Hilliard Pharmaceuticals in order to maintain their position in the market  

6 0
3 years ago
The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: a. Operating acti
Yuri [45]

Answer:

b. Financing activities.

Explanation:In the financial activities section of the statement of cash flows, the operations related to the entry and exit of funds for activities that increase the liability or stockholders´equity, but that do not make the main activity of the company must be recorded. Such as:  issuance of common stock for cash.

5 0
3 years ago
JBS Inc. recently reported net income of $4,750 and depreciation of $885. How much was its net cash provided (used) by operation
stepan [7]

Answer:

net cash provided is $5,635

Explanation:

                                                  Amount ($)

Net Income                                 4,750

Depreciation                                  885

Change in inventory                     (200)

Change in accounts payable    <u>    200 </u>  

Net cash flows from Operation<u>   5,635</u>

The depreciation is a none cash item that was initially deducted to get the net income, hence it is added back in the cash flows statement.

An increase in inventory represents an outflow of cash hence the negative value. The increase in trade payable is an increase in a liability representing an inflow of cash hence it is positive.      

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3 years ago
What two benefits do you receive from owning stock?
Helga [31]
A benefit is that it. gives you control over your finance.
8 0
3 years ago
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