The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are
Question:
The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows. Prepare a statement of stockholders' equity for the fiscal year ended December 31, 2016.
Transcribed Image Text:
COMMON STOCK Jan. Balance Apr. 14 ssued 4,800,000 30,000 shares 1,200,000 6,000,000 Dec. 31 Balance PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance Apr. 14 Issued 960,000 30,000 shares 300,000 1,260,000 Dec. 31 Balance TREASURY STOCK Aug. 7 Purchased 12,000 shars 552,000 RETAINED EARNINGS Mar. 31 Dividend June 30 Dividend Sept. 30 Dividend Dec. 31 Dividend 69,000 Jan. 1 Balance 69,000 Dec. 31 Closing 69,000 69,000 Dec. 31 Balance 11,375,000 (net income) 3,780,000 14,879,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
ICARDS INC Statement of Stockholders Equity For the Year Ended December 31 2016 Common PdIn ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Accounting questions
-
CA Co manufactures a single product and has drawn up the following flexed budget for the year. 80% Rs 160,000 120,000 Direct materials Direct labour Production overheads Other overheads Total Cost...
-
The stockholders?? equity T accounts of Life??s Greeting Cards Inc. for the current fiscal year ended December 31, 2012, are as follows. Prepare a statement of stockholders?? equity for the fiscal...
-
The stockholders' equity T accounts of For All Occasions Greeting Cards Inc. for the current fiscal year ended December 31, 2010, are as follows. Prepare a statement of stockholders' equity for the...
-
Suppose the weight of pieces of passenger luggage for domestic airline flights follows a normal distribution with u = 28 pounds and o = 5.7 pounds. (a) Calculate the probability that a piece of...
-
Discuss the validity and effect of each of the following: (a) A, B, and C, manufacturers of stereos, orally agree that due to the disastrous, cutthroat competition in the market, they will establish...
-
An earth dam is shown in Figure 8.22. Determine the seepage rate, q, in m 3 /day/m length. Given: a 1 = 35, a 2 = 40, L 1 = 5 m, H = 7 m, H 1 = 10 m, and k = 3 10 4 cm/sec. Use Schaffernaks...
-
For the given table of observed frequencies: a. Compute the row totals, the column totals, and the grand total. b. Construct the corresponding table of expected frequencies. c. Compute the value of...
-
Bellvue Company issues 10%, five-year bonds, on December 31, 2010, with a par value of $100,000 and semiannual interest payments. Use the following straight-line bond amortization table and prepare...
-
How does the dynamic interplay between transformational and transactional leadership styles influence organizational adaptability in complex business environments ?
-
Maladroit Cosmetics Company The plant manager of the Maladroit Cosmetics Company must replace several of her filling machines that have become obsolete. She is about to take delivery of six machines...
-
The partnership of Angel Investor Associates began operations on January 1, 2016, with contributions from two partners as follows: Dennis Overton..........................$180,000 Ben...
-
Noric Cruises Inc. reported the following results for the year ended October 31, 2016: Retained earnings, November 1, 2015.................................$12,400,000 Net...
-
What is a probability density function? What is the probability that a continuous random variable has a value in the interval [c, d]?
-
Explain the drawbacks of the traditional yield spread analysis. Explain the process of an alternative method (i.e., Static spread - aka - Zero-volatility spread). For illustrative purposes you can...
-
Danielle, an applicant for a position in corporate financial accounting, was so animated and enthusiastic in her conversations with company officials that they decided to hire her without carefully...
-
I need to find OASDI tax earnings for an employee O'Neill where his income is 2,307.69, plus bonus of $95,000 and deduction of $2,000 for his simple plan. This homework is for Chapter 7 payroll...
-
Gandolph Company is a small business with a bookkeeper that uses the direct write off method for handling bad debts during the year. It only produces annual financial statements and hires an...
-
Explain why acting ethically is an important value in the financial marketplace. Discuss ways that ethics should be embedded in financial decision-making processes to improve the public's trust of...
-
A slide projector has a projection lens of 10.0 cm focal length, and the screen is located 2.5 m from the projector. (a) What is the distance between the slide and the projection lens? (b) What is...
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Selected financial data for Stanley Black & Decker, Inc. and Snap-On Tools for 2009 are presented here (in millions). Instructions(a) For each company, compute the following ratios.(1) Current...
-
Your parents are considering investing in Tootsie Roll Industries common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Fortunately, excerpts from a recent...
-
The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A. Instructions (a) Based on the information in...
-
(a) Argue that sin(x)dx = f sin(x)dx + fo sin(x)dx, and use this to compute a (b) Explain how to calculate where u, v, f are functions. (c) Let a >0. Calculate d da L sin(x)dx -a d v(a) f(x)dx da d...
-
= [(-1)* (2m)!" 12. Using Maclaurin series of cosx=(-1)*- A. Find Maclaurin series of cosx. B. Using the 1st four terms of Maclaurin series of cosx to evaluate focos x dx (leave answer to four...
-
Confirm that the below limit meets the conditions to apply l'Hpital's Rule and then solve the limit. Be sure to address these conditions in your explanation. Enter an exact numeric answer. lim In(x)...
Summary Of Preliminary Vital Statistics For Maryland 1934 1st Edition - ISBN: 1015000010 - Free Book
Study smarter with the SolutionInn App