Kwinten Corp. had the following stockholders equity at December 31, 2024: On June 30, 2025, Kwinten Corp.
Question:
Kwinten Corp. had the following stockholders’ equity at December 31, 2024:
On June 30, 2025, Kwinten Corp. split its common stock 2-for-1. Prepare the stockholders’ equity section of the balance sheet immediately after the split. Assume the balance in Retained Earnings is unchanged from December 31, 2024.
Transcribed Image Text:
Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 650 shares authorized, 290 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity $ 290 580 870 2,900 $ 3,770
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Heres the stockholders equity section of the balance sheet after the 2for1 stock split December 31 ...View the full answer
Answered By
Akash M Rathod
I have been utilized by educators and students alike to provide individualized assistance with everything from grammar and vocabulary to complex problem-solving in various academic subjects. I can provide explanations, examples, and practice exercises tailored to each student's individual needs, helping them to grasp difficult concepts and improve their skills.
My tutoring sessions are interactive and engaging, utilizing a variety of tools and resources to keep learners motivated and focused. Whether a student needs help with homework, test preparation, or simply wants to improve their skills in a particular subject area, I am equipped to provide the support and guidance they need to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
Question Posted:
Students also viewed these Business questions
-
Wood Golf Club Corp. had the following stockholders equity at December 31, 2023: On June 30, 2024, Wood Golf Club split its common stock 2-for-1. Prepare the stockholders equity section of the...
-
Tour Golf Club Corp. had the following stockholders equity at December 31, 2015: Stockholders' Equity Paid-In Capital: Common Stock-$2 Par Value; 650 shares authorized, 220 shares issued and...
-
AC Corporations: Dividends, Retained Earnings, and Income Reporting 56. ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock...
-
Refer to the facts presented in problem P7-13. In problem On January 25, 2011, Douglas Ltd. purchased 1,000 common shares of BMO (Bank of Montreal) for $65 each. During the remainder of 2011, Douglas...
-
Using Exhibit 8-3, identify the type of study described in each of the Snapshots featured in this chapter.
-
The press shown is used to emboss a small seal at E. Knowing that the coefficient of static friction between the vertical guide and the embossing die D is 0.30, determine the force exerted by the die...
-
Harold Fail owned a plot of land in Georgia known as Ebenezer Landing, where he operated a public boat ramp and parking lot. In 1999, Fail and Steve Bodiford entered into an oral agreement...
-
Here are selected 2014 transactions of Cleland Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $62,000 and had a useful life of 10 years with...
-
1. Why have neo-classical economists generally argued that international economic relations are not zero-sum in character? What theoretical frameworks have they used to support this argument? It's...
-
Schrand Aerobics, Inc., rents studio space (including a sound system) and specializes in offering aerobics classes. On January 1, 2019, its beginning account balances are as follows: Cash,...
-
The stockholders equity of Mountainside Occupational Therapy, Inc. on December 31, 2024, follows: On April 30, 2025, the market price of Mountainside Occupational Therapy, Inc.s common stock was $11...
-
Complete the following chart by inserting a check mark (U ) for each statement that is true. Decreases retained earnings Has no effect on a liability Increases paid-in capital by the same amount that...
-
Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up...
-
Pizza Place, a national pizza chain, is considering purchasing a smaller chain, Western Mountain Pizza. Pizza Places analysts project that the merger will result in incremental cash flows of $1.5...
-
Youre the general manager of a new NFL team in Oklahoma City. The owner gives you the task of deciding which uniforms the new team will wear in the upcoming season, and suggests you gather data from...
-
Wired Beverages has developed two new sodas that they are debating putting on the market. However, they will only be able to release one of them. Develop an experiment design that compares the taste...
-
The Henderson Companys bonds currently sell for $1,275. They pay a $120 annual coupon, have a 20-year maturity, and a par value of $1,000, but they can be called in 5 years at $1,120. What are their...
-
Describe how the formula for a zero growth stock can be derived from the formula for a normal constant growth stock.
-
Do you think the ethics charges against District Attorney Mike Nifong are legitimate or unfounded?
-
A container holds 2.0 mol of gas. The total average kinetic energy of the gas molecules in the container is equal to the kinetic energy of an 8.0 10-3-kg bullet with a speed of 770 m/s. What is the...
-
Prepare Quality Offices multi-step income statement for the year ended March 31, 2024. The adjusted trial balance of Quality Office Systems at March 31, 2024, follows: Account Title Cash QUALITY...
-
Prepare Quality Offices multi-step income statement for the year ended March 31, 2024. The adjusted trial balance of Quality Office Systems at March 31, 2024, follows: Account Title Cash QUALITY...
-
Prepare Quality Offices single-step income statement for the year ended March 31, 2024. The adjusted trial balance of Quality Office Systems at March 31, 2024, follows: Account Title Cash QUALITY...
-
Jimmy has a brokerage account and buys on the margin, which resulted in an interest expense of $36,400 during the year. Income generated through the brokerage account was as follows: Municipal...
-
After-Tax Profit Targets Olivian Company wants to earn $540,000 in net (after-tax) income next year. Its product is priced at $350 per unit. Product costs include: Direct materials $105.00 Direct...
-
Determine the present value of 10-year bonds payable with the face value of $ 90 000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance Requirement...
Study smarter with the SolutionInn App