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svetlana [45]
4 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]4 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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A buyer offers to purchase a house in Spokane for $200,000 and provides a $12,000 earnest money deposit. The seller accepts the
ivann1987 [24]

Answer:

The answer is given below;

Explanation:

The seller can hold amount to the maximum of $10,000 from earnest money deposit.The same will be placed in state pool trust account where the interest will be payable to the state. The difference of $2,000 may be repaid to the buyer subject to conditions of the agreement.

7 0
4 years ago
The consumption schedule shows a.that households consume more when interest rates are low. b.that consumption depends primarily
Lelechka [254]

Answer: The consumption schedule shows the amounts households intend to consume at various possible levels of aggregate income.

Explanation: Consumption function, in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future income or wealth, interest rates, age, education, and family size.

A consumption schedule is a table of numbers showing the relation between consumption expenditures and income for the household sector. The income measure commonly used is national income or disposable income. Occasionally a measure of aggregate production, such as gross domestic product, is used instead.

3 0
3 years ago
Why might the government freeze assets ? - apex
mestny [16]

Answer:

To stop criminal activity.

Explanation:

3 0
3 years ago
Read 2 more answers
Melbourne Company uses the perpetual inventory method. Melbourne purchased 1,800 units of inventory that cost $11.75 each. At a
atroni [7]

Answer:

$18,800.

Explanation:

LIFO method of Inventory Cost Flow assumes that the recently purchased goods are sold first. The company sold 2,100 units. 1,900 out of 2,100 were recently purchased at a cost of $12.25 each, and the remaining 200 units are those that were purchased earlier at a cost of $11.75. It means that the company is just left with 1,600 units (1,800 - 200) that were Purchase at a early date because all the recently purchased stock has been sold out whereas 200 has been sold out from that of earlier ones.

⇒ Ending Inventory = 1,600 * 11.75 = $18,800.

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3 0
3 years ago
Asonia Co. will pay a dividend of $4.95, $9.05, $11.90, and $13.65 per share for each of the next four years, respectively. The
kompoz [17]

Answer: $30.86

P = $4.95/(1 + .92) + $9.05/(1 + .92)^2 + $11.90/(1 + .92)^3 + $13.65/(1 + .92)^4

P = 4.53+7.59+ 9.14+ 9.60=$30.86

Explanation:

Dividend discount: Dividend year 1 divided by (1 plus the required rate of return)

PLUS Dividend year 2 divided by (1 plus the required rate of return) to the second power

PLUS Dividend year 3 divided by (1 plus the required rate of return) to the third power

PLUS Dividend year 4 divided by (1 plus the required rate of return) to the fourth power

7 0
3 years ago
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