Devona Enterprises began fiscal 2010 on January 1 with 1 million shares of common stock authorized and 300,000 shares issued and outstanding. The par value of the common stock is $ 0.50 per share and the additional paid- in capital was $ 5,037,500 on January 1, 2010. On March 15, Devona issued an additional 50,000 shares of common stock for $ 21 per share. On October 31, Devona purchased 10,000 shares of common stock for $ 19 per share to be held as treasury stock. Show how these events would be reported on the 2010 Statement of Owners’ Equity.
Answer to relevant QuestionsSinason Company is authorized to issue 2 million shares of common stock. At the beginning of 2010 it had 450,000 shares of common stock issued and 400,000 shares outstanding. The Common Stock account had a balance of $ ...Refer to Of Interest. Using that diagram and explanation, describe how/why the following items are reported on the balance sheet. a. Cash b. Accounts receivable c. Inventory d. Available- for- sale securities e. ...Historical cost is a basic concept of accounting. Describe the concept of historical cost, and evaluate each of the items found on a typical balance sheet to determine if it is reported at historical cost. Rent expense as shown on the income statement is $ 120,000, while cash paid for rent is shown on the statement of cash flows at $ 135,000. Did prepaid rent increase or decrease during the period? By what amount? Balke Company reveals the following balances in selected accounts: Determine the operating cash flows using the direct format.
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